GSA Capital Partners LLP Makes New $560,000 Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

GSA Capital Partners LLP purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,828 shares of the auto parts company's stock, valued at approximately $560,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Venturi Wealth Management LLC lifted 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 worth $71,000 after purchasing an additional 162 shares in the last quarter. Private Advisor Group LLC lifted its stake in Allison Transmission by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock valued at $382,000 after acquiring an additional 167 shares in the last quarter. Quent Capital LLC lifted its stake in Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock valued at $68,000 after acquiring an additional 172 shares in the last quarter. Miller Howard Investments Inc. NY lifted its stake in Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company's stock valued at $676,000 after acquiring an additional 186 shares in the last quarter. Finally, Americana Partners LLC lifted its stake in Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company's stock valued at $385,000 after acquiring an additional 191 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

ALSN stock traded down $0.68 during mid-day trading on Wednesday, reaching $115.30. 536,304 shares of the company traded hands, compared to its average volume of 617,727. The company has a fifty day moving average price of $101.37 and a 200-day moving average price of $87.67. Allison Transmission Holdings, Inc. has a 52-week low of $53.00 and a 52-week high of $121.36. The company has a market capitalization of $9.99 billion, a P/E ratio of 13.92, a P/E/G ratio of 2.06 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

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

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, November 18th. Allison Transmission's payout ratio is 12.18%.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business'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 completion of the sale, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 13.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were 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 owns 9,601 shares of the company's stock, valued at $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,741 shares of company stock valued at $781,520 over the last quarter. 0.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Citigroup raised their target price on Allison Transmission from $115.00 to $125.00 and gave the company a "neutral" rating in a research report on Wednesday. Robert W. Baird raised their target price on Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on Allison Transmission from $72.00 to $82.00 and gave the company a "sell" rating in a research report on Friday, November 1st. Finally, Oppenheimer raised their target price on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $94.25.

Allison Transmission Company 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.