Solidarity Wealth LLC Acquires 7,781 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Solidarity Wealth LLC lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 223,952 shares of the auto parts company's stock after purchasing an additional 7,781 shares during the quarter. Allison Transmission comprises about 5.8% of Solidarity Wealth LLC's portfolio, making the stock its 4th largest holding. Solidarity Wealth LLC owned about 0.26% of Allison Transmission worth $21,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Andina Capital Management LLC raised its position in shares of Allison Transmission by 17.7% in the 3rd quarter. Andina Capital Management LLC now owns 8,148 shares of the auto parts company's stock valued at $783,000 after purchasing an additional 1,223 shares during the last quarter. MONECO Advisors LLC raised its position in shares of Allison Transmission by 17.0% in the 3rd quarter. MONECO Advisors LLC now owns 3,272 shares of the auto parts company's stock valued at $314,000 after purchasing an additional 475 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Allison Transmission in the 3rd quarter valued at approximately $261,000. Nisa Investment Advisors LLC raised its position in shares of Allison Transmission by 43.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 36,985 shares of the auto parts company's stock valued at $3,553,000 after purchasing an additional 11,119 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Allison Transmission by 0.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 100,752 shares of the auto parts company's stock valued at $9,612,000 after purchasing an additional 391 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allison Transmission

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

Allison Transmission Stock Performance

Shares of NYSE ALSN traded down $1.20 during midday trading on Thursday, reaching $106.88. 815,283 shares of the stock were exchanged, compared to its average volume of 621,508. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.78 and a beta of 0.99. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $109.30. The firm has a 50-day simple moving average of $94.57 and a two-hundred day simple moving average of $84.10. 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 issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business had revenue of $824.00 million for the quarter, compared to analysts' expectations of $790.08 million. During the same quarter last year, the company earned $1.76 EPS. The business's revenue was up 12.0% on a year-over-year basis. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid 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 0.94%. Allison Transmission's dividend payout ratio is currently 13.35%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the stock 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. raised their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Oppenheimer raised their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Bank of America raised their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $91.00.

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.