Nisa Investment Advisors LLC Has $3.55 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Nisa Investment Advisors LLC lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 43.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,985 shares of the auto parts company's stock after buying an additional 11,119 shares during the period. Nisa Investment Advisors LLC's holdings in Allison Transmission were worth $3,553,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its holdings 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 acquired a new position in Allison Transmission in the second quarter worth $33,000. Fifth Third Bancorp grew its holdings in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock worth $66,000 after purchasing an additional 506 shares during the last quarter. Quent Capital LLC increased its stake in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock valued at $68,000 after buying an additional 172 shares in the last quarter. Finally, Covestor Ltd raised its holdings 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 buying an additional 728 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Up 0.4 %

Allison Transmission stock traded up $0.41 during midday trading on Friday, hitting $107.27. 582,102 shares of the stock were exchanged, compared to its average volume of 621,322. The stock has a market capitalization of $9.35 billion, a PE ratio of 13.07, a P/E/G ratio of 1.89 and a beta of 0.99. The company has a fifty day simple moving average of $94.90 and a two-hundred day simple moving average of $84.31. 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 Holdings, Inc. has a 52 week low of $51.19 and a 52 week high of $109.30.

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, topping analysts' consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million for the quarter, compared to analysts' expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 53.66%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.07 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Monday, August 19th. Allison Transmission's dividend payout ratio (DPR) is presently 12.18%.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm's 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 approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, 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. In the last three months, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ALSN has been the subject of several research reports. Robert W. Baird raised their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday. Citigroup boosted their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Bank of America increased their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Finally, Oppenheimer raised their price target on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $92.25.

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.