Van ECK Associates Corp Purchases 16,110 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Van ECK Associates Corp increased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 24.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,688 shares of the auto parts company's stock after buying an additional 16,110 shares during the period. Van ECK Associates Corp owned about 0.09% of Allison Transmission worth $8,013,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Allison Transmission in the 1st quarter valued at about $1,342,000. Private Advisor Group LLC lifted its position in shares of Allison Transmission by 20.3% in the 1st quarter. Private Advisor Group LLC now owns 7,424 shares of the auto parts company's stock worth $603,000 after purchasing an additional 1,252 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Allison Transmission by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 68,792 shares of the auto parts company's stock valued at $5,583,000 after purchasing an additional 4,631 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Allison Transmission during the first quarter worth $1,229,000. Finally, Quantbot Technologies LP bought a new position in Allison Transmission during the first quarter worth $206,000. 96.90% of the stock is owned by institutional investors.

Allison Transmission Stock Up 0.4 %

ALSN stock traded up $0.49 during midday trading on Thursday, reaching $117.75. 252,727 shares of the company's stock traded hands, compared to its average volume of 619,138. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The firm's fifty day moving average price is $96.17 and its 200-day moving average price is $84.99. Allison Transmission Holdings, Inc. has a 52 week low of $51.86 and a 52 week high of $118.40. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 1.91 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted 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. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 8.18 earnings per share for the current fiscal year.

Insider Transactions at Allison Transmission

In other news, VP Thomas Eifert sold 1,741 shares of the 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 sale, the vice president now directly owns 9,601 shares of the company's stock, valued at approximately $960,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Allison Transmission 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now 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. Insiders sold 5,741 shares of company stock worth $546,060 over the last quarter. Corporate insiders own 0.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price target 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. Oppenheimer raised their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Citigroup increased their price target on Allison Transmission from $97.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the company a "sell" rating in a research note on Friday, November 1st. Finally, Robert W. Baird increased their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Allison Transmission presently has a consensus 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.