Integrated Investment Consultants LLC Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Integrated Investment Consultants LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,569 shares of the auto parts company's stock, valued at approximately $439,000.

Several other large investors have also modified their holdings of ALSN. Versant Capital Management Inc grew its position in shares of Allison Transmission by 1,200.0% during 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 in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission during the second quarter valued at about $33,000. Fifth Third Bancorp raised its position in Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock worth $66,000 after acquiring an additional 506 shares in the last quarter. Quent Capital LLC raised 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 acquiring an additional 172 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock worth $71,000 after acquiring an additional 162 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Stock Up 1.3 %

ALSN stock traded up $1.55 during trading on Friday, hitting $119.66. 465,992 shares of the company's stock traded hands, compared to its average volume of 616,304. The firm has a market capitalization of $10.37 billion, a P/E ratio of 14.39, a PEG ratio of 2.06 and a beta of 0.98. The business has a fifty day simple moving average of $102.59 and a two-hundred day simple moving average of $88.07. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 1 year low of $53.09 and a 1 year high of $121.36.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million during 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%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The business 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 $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Allison Transmission's dividend payout ratio is currently 12.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ALSN shares. JPMorgan Chase & Co. boosted their price target on 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 price target on Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a report on Friday, November 1st. Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $94.25.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. This represents a 13.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were 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 directly owns 9,601 shares in the company, valued at approximately $960,100. This represents a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,741 shares of company stock worth $781,520. 1.10% of the stock is currently owned by 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.