Sheets Smith Wealth Management Makes New $479,000 Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sheets Smith Wealth Management purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,985 shares of the auto parts company's stock, valued at approximately $479,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of Allison Transmission by 20.3% in the first quarter. Private Advisor Group LLC now owns 7,424 shares of the auto parts company's stock worth $603,000 after buying an additional 1,252 shares during the period. Quantbot Technologies LP bought a new position in shares of Allison Transmission during the first quarter valued at approximately $206,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Allison Transmission by 4.9% during the first quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company's stock valued at $447,000 after purchasing an additional 255 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Allison Transmission in the 1st quarter worth approximately $1,120,000. Finally, Sei Investments Co. increased its position in Allison Transmission by 84.3% during the 1st quarter. Sei Investments Co. now owns 190,399 shares of the auto parts company's stock valued at $15,454,000 after buying an additional 87,089 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded up $1.05 during trading on Monday, hitting $120.01. The company had a trading volume of 411,884 shares, compared to its average volume of 618,923. Allison Transmission Holdings, Inc. has a 12 month low of $52.36 and a 12 month high of $121.36. The firm has a market capitalization of $10.40 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98. The stock has a 50 day simple moving average of $97.23 and a 200 day simple moving average of $85.57. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $824.00 million for the quarter, compared to analysts' expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 EPS. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 8.2 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, November 18th. Allison Transmission's dividend payout ratio is currently 12.18%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, August 29th. The stock was 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 directly 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 at this hyperlink. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $181,960.00. Following the completion of the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ALSN. StockNews.com upgraded shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Robert W. Baird upped their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a report on Friday, November 1st. Finally, Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have given 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, Allison Transmission presently has an average rating of "Hold" and an average price target 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.