15,685 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,685 shares of the auto parts company's stock, valued at approximately $1,507,000. Allison Transmission comprises 2.4% of Cannon Global Investment Management LLC's investment portfolio, making the stock its 7th largest position.

Other large investors also recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in Allison Transmission by 4.4% in the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock valued at $382,000 after acquiring an additional 167 shares during the last quarter. Quent Capital LLC increased its stake in shares of Allison Transmission by 24.0% in the 2nd 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 last quarter. Miller Howard Investments Inc. NY raised its position in shares of Allison Transmission by 2.1% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company's stock valued at $676,000 after acquiring an additional 186 shares during the period. Americana Partners LLC boosted its stake in Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company's stock worth $385,000 after acquiring an additional 191 shares during the last quarter. Finally, Raymond James Trust N.A. grew its holdings in Allison Transmission by 4.1% during 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 period. Institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Up 0.4 %

Shares of ALSN stock traded up $0.41 during trading hours on Friday, hitting $107.27. 582,102 shares of the company were exchanged, compared to its average volume of 561,745. Allison Transmission Holdings, Inc. has a 52 week low of $51.19 and a 52 week high of $109.30. The business has a 50 day moving average of $94.90 and a two-hundred day moving average of $84.35. The company has a market capitalization of $9.29 billion, a PE ratio of 13.07, a PEG ratio of 1.92 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.19 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business had revenue of $824.00 million during the quarter, compared to analysts' expectations of $790.08 million. During the same quarter in the prior year, the company posted $1.76 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. Analysts anticipate that Allison Transmission Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ALSN shares. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Oppenheimer upped their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday. Robert W. Baird upped their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $72.00 to $82.00 and gave the company a "sell" rating in a research note on Friday. Finally, Citigroup increased 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. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $92.25.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the 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 completion of the sale, the vice president now owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Coll sold 2,000 shares of the 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 completion of the sale, the senior vice president now 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 sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is 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.