Captrust Financial Advisors Grows Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Captrust Financial Advisors grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 24.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,499 shares of the auto parts company's stock after purchasing an additional 6,113 shares during the quarter. Captrust Financial Advisors' holdings in Allison Transmission were worth $3,026,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission in the 2nd quarter valued at about $33,000. Venturi Wealth Management LLC raised its holdings in shares of Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock valued at $71,000 after purchasing an additional 162 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Allison Transmission in the third quarter valued at approximately $82,000. Fifth Third Bancorp boosted its holdings in shares of Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock worth $66,000 after buying an additional 506 shares during the period. Finally, Covestor Ltd increased its position in Allison Transmission by 35.1% during the 3rd quarter. Covestor Ltd now owns 936 shares of the auto parts company's stock worth $90,000 after buying an additional 243 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALSN has been the subject of a number of analyst reports. Citigroup boosted their price target on Allison Transmission from $115.00 to $125.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, October 11th. The Goldman Sachs Group upped their target price on Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a research note on Friday, November 1st. Finally, Oppenheimer lifted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $94.25.

Allison Transmission Trading Up 0.0 %

NYSE ALSN traded up $0.05 during trading on Thursday, hitting $118.00. The company had a trading volume of 380,009 shares, compared to its average volume of 611,689. The company's fifty day moving average is $107.66 and its 200-day moving average is $90.85. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98. Allison Transmission Holdings, Inc. has a one year low of $54.22 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same quarter in the previous year, the firm posted $1.76 EPS. The firm's revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given a $0.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. Allison Transmission's dividend payout ratio is presently 12.18%.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the vice president now owns 9,601 shares of the company's stock, valued at approximately $912,095. The trade was a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Graziosi sold 11,590 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the sale, the chief executive officer now owns 168,833 shares of the company's stock, valued at $20,165,413.52. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,380 shares of company stock worth $2,830,837 in the last quarter. 1.10% of the stock is owned by company insiders.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.