7,912 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,912 shares of the auto parts company's stock, valued at approximately $760,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ALSN. Private Advisor Group LLC raised its position in Allison Transmission by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock worth $382,000 after purchasing an additional 167 shares during the period. Quent Capital LLC grew its position in Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock worth $68,000 after acquiring an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY grew its position 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 worth $676,000 after acquiring an additional 186 shares during the last quarter. Americana Partners LLC increased its stake in Allison Transmission by 3.9% in the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company's stock worth $385,000 after purchasing an additional 191 shares during the period. Finally, Raymond James Trust N.A. lifted its position in Allison Transmission by 4.1% in the second quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company's stock valued at $385,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Up 1.4 %

Shares of NYSE ALSN traded up $1.36 during midday trading on Monday, hitting $99.85. The stock had a trading volume of 427,451 shares, compared to its average volume of 614,277. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $101.40. The company has a market cap of $8.73 billion, a P/E ratio of 13.22, a PEG ratio of 1.78 and a beta of 0.99. The business's 50 day moving average is $93.24 and its 200-day moving average is $83.51. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62.

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

Allison Transmission Dividend Announcement

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

Insider Activity

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the firm's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares of the company's stock, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP John Coll sold 2,000 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction, the vice president now owns 9,601 shares of the company's stock, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,741 shares of company stock valued at $546,060 over the last three months. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Allison Transmission from $87.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, July 26th. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $63.00 to $72.00 and gave the company a "sell" rating in a research report on Monday, July 29th. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research note on Friday, October 11th. Finally, Citigroup upped their target price on Allison Transmission from $97.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Allison Transmission presently has a consensus rating of "Hold" and an average target price of $86.86.

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.