Parcion Private Wealth LLC Makes New Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Parcion Private Wealth LLC acquired a new stake 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 (SEC). The firm acquired 61,477 shares of the auto parts company's stock, valued at approximately $5,906,000. Parcion Private Wealth LLC owned about 0.07% of Allison Transmission at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company's stock worth $28,000 after acquiring an additional 336 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Allison Transmission during the 2nd quarter valued at $33,000. Fifth Third Bancorp boosted its holdings in Allison Transmission by 139.8% in 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. Quent Capital LLC raised its holdings in Allison Transmission by 24.0% during the second 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 during the period. Finally, Covestor Ltd lifted its position in shares of Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company's stock valued at $78,000 after acquiring an additional 728 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Down 0.9 %

Allison Transmission stock traded down $0.90 during midday trading on Friday, reaching $98.49. The company's stock had a trading volume of 340,003 shares, compared to its average volume of 615,179. Allison Transmission Holdings, Inc. has a 52-week low of $50.13 and a 52-week high of $101.40. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19. The stock has a market capitalization of $8.62 billion, a P/E ratio of 13.15, a PEG ratio of 1.78 and a beta of 0.99. The stock's 50-day simple moving average is $93.24 and its 200-day simple moving average is $83.50.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.09. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. Allison Transmission's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 EPS. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. Allison Transmission's payout ratio is 13.35%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird raised their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective 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. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a "sell" rating in a report on Monday, July 29th. Citigroup lifted their price target 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. Finally, StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. One analyst has 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 presently has an average rating of "Hold" and an average price target of $86.86.

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 transaction of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Thomas Eifert sold 1,741 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by corporate 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.