9,855 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,855 shares of the auto parts company's stock, valued at approximately $947,000.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in shares of Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company's stock worth $28,000 after buying an additional 336 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission during the second quarter valued at approximately $33,000. Fifth Third Bancorp raised its position in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock valued at $66,000 after buying an additional 506 shares during the last quarter. Quent Capital LLC increased its position in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock worth $68,000 after purchasing an additional 172 shares during the last quarter. Finally, Covestor Ltd increased its position in Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company's stock worth $78,000 after purchasing an additional 728 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Thomas Eifert sold 1,741 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares of the company's stock, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at $960,100. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock valued at $546,060 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ALSN has been the topic of several research reports. Bank of America boosted their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 30th. Citigroup boosted their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Oppenheimer boosted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $92.25.

Allison Transmission Stock Up 1.6 %

NYSE:ALSN traded up $1.92 during mid-day trading on Monday, hitting $120.88. The stock had a trading volume of 172,085 shares, compared to its average volume of 617,822. The stock has a 50-day simple moving average of $97.23 and a two-hundred day simple moving average of $85.57. The company has a market capitalization of $10.47 billion, a PE ratio of 14.72, a PEG ratio of 2.09 and a beta of 0.98. Allison Transmission Holdings, Inc. has a twelve month low of $52.36 and a twelve month high of $121.35. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. The business had revenue of $824.00 million for the quarter, compared to analysts' expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. On average, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.2 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.83%. The ex-dividend date is Monday, November 18th. Allison Transmission's payout ratio is 12.18%.

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.