Oppenheimer & Co. Inc. Acquires 7,944 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Oppenheimer & Co. Inc. lifted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 133.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,917 shares of the auto parts company's stock after acquiring an additional 7,944 shares during the period. Oppenheimer & Co. Inc.'s holdings in Allison Transmission were worth $1,337,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in shares of Allison Transmission by 86.7% during the 3rd quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company's stock worth $23,551,000 after acquiring an additional 113,868 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Allison Transmission during the 3rd quarter worth $560,000. Entropy Technologies LP bought a new stake in shares of Allison Transmission during the 3rd quarter worth $653,000. WCM Investment Management LLC purchased a new position in Allison Transmission in the 3rd quarter worth $253,000. Finally, Versor Investments LP purchased a new position in Allison Transmission in the 3rd quarter worth $490,000. 96.90% of the stock is owned by institutional investors.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the transaction, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 13.87 % decrease in their ownership of the stock. The sale 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 dated Monday, October 7th. The shares were 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 in the company, valued at $960,100. This represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,741 shares of company stock worth $781,520 over the last 90 days. 0.93% of the stock is owned by company insiders.

Allison Transmission Trading Down 1.2 %

Shares of ALSN stock traded down $1.43 during mid-day trading on Tuesday, reaching $115.98. The stock had a trading volume of 420,519 shares, compared to its average volume of 618,091. The stock's 50-day moving average price is $100.78 and its two-hundred day moving average price is $87.37. Allison Transmission Holdings, Inc. has a 52-week low of $53.00 and a 52-week high of $121.36. The firm has a market capitalization of $10.05 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm had revenue of $824.00 million for the quarter, compared to analysts' expectations of $790.08 million. During the same quarter in the previous year, the company earned $1.76 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts expect that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Monday, November 18th. Allison Transmission's dividend payout ratio is currently 12.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price 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. StockNews.com upgraded shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Bank of America lifted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 30th. Oppenheimer lifted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $92.25.

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.