Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 124.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,260 shares of the auto parts company's stock after purchasing an additional 20,069 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Allison Transmission were worth $3,483,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in Allison Transmission in the 1st quarter worth about $1,229,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Allison Transmission during the first quarter worth $1,342,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Allison Transmission in the first quarter valued at about $1,120,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Allison Transmission by 11.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company's stock worth $8,055,000 after buying an additional 10,196 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Allison Transmission by 25.3% during the 1st quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company's stock valued at $4,627,000 after acquiring an additional 11,495 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In related 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 transaction of $174,100.00. Following the transaction, the vice president now owns 9,601 shares of the company's stock, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company's 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 transaction, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the firm's 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 completion of the sale, the vice president now owns 9,601 shares of the company's stock, valued at $960,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock worth $546,060 in the last 90 days. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

ALSN has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the company a "sell" rating in a research report on Friday. Oppenheimer lifted their target price on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. 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 note on Wednesday, October 30th. JPMorgan Chase & Co. increased 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. Finally, Citigroup lifted 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $92.25.

Allison Transmission Stock Down 0.5 %

NYSE:ALSN traded down $0.53 during midday trading on Monday, hitting $106.74. 466,964 shares of the company were exchanged, compared to its average volume of 620,597. 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 Holdings, Inc. has a fifty-two week low of $51.42 and a fifty-two week high of $109.30. The company has a market capitalization of $9.25 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98. The company has a fifty day simple moving average of $94.90 and a 200 day simple moving average of $84.35.

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

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued 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 0.94%. Allison Transmission's payout ratio is 12.18%.

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.