Farther Finance Advisors LLC Increases Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Farther Finance Advisors LLC raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 1,932.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,265 shares of the auto parts company's stock after buying an additional 5,006 shares during the period. Farther Finance Advisors LLC's holdings in Allison Transmission were worth $506,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC increased its stake in Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company's stock worth $24,245,000 after buying an additional 230,152 shares during the period. Carlson Capital L P bought a new stake in shares of Allison Transmission during the first quarter valued at approximately $9,561,000. Sanctuary Advisors LLC bought a new stake in shares of Allison Transmission during the second quarter valued at approximately $7,953,000. Burney Co. boosted its holdings in shares of Allison Transmission by 34.7% in the first quarter. Burney Co. now owns 395,752 shares of the auto parts company's stock valued at $32,119,000 after purchasing an additional 101,920 shares during the period. Finally, Sei Investments Co. grew its stake in Allison Transmission by 84.3% in the first quarter. Sei Investments Co. now owns 190,399 shares of the auto parts company's stock worth $15,454,000 after purchasing an additional 87,089 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Up 0.7 %

Shares of ALSN stock traded up $0.79 during trading hours on Thursday, reaching $118.05. 522,058 shares of the company's stock were exchanged, compared to its average volume of 553,806. Allison Transmission Holdings, Inc. has a 1 year low of $51.86 and a 1 year high of $118.58. 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 stock has a market cap of $10.23 billion, a PE ratio of 14.38, a PEG ratio of 1.89 and a beta of 0.98. The stock's fifty day moving average price is $96.71 and its two-hundred day moving average price is $85.22.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 EPS. Research analysts predict that Allison Transmission Holdings, Inc. will post 8.25 EPS for the current year.

Allison Transmission Announces Dividend

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. The ex-dividend date is 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 (DPR) is 12.18%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the company's stock in a transaction that occurred 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 owns 12,420 shares in the company, valued at $1,129,971.60. This 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 hyperlink. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission 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 transaction, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the transaction, the senior vice president now directly owns 12,420 shares of the company's stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,741 shares of company stock valued at $546,060. 0.93% of the stock is owned by company insiders.

About Allison Transmission

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.