Versor Investments LP Makes New Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Versor Investments LP bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,105 shares of the auto parts company's stock, valued at approximately $490,000.

Several other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock valued at $71,000 after purchasing an additional 162 shares during the last quarter. Meritage Portfolio Management raised its stake in Allison Transmission by 10.6% during the third quarter. Meritage Portfolio Management now owns 24,115 shares of the auto parts company's stock valued at $2,317,000 after buying an additional 2,311 shares during the last quarter. Covestor Ltd boosted its holdings in Allison Transmission by 35.1% in the third quarter. Covestor Ltd now owns 936 shares of the auto parts company's stock worth $90,000 after acquiring an additional 243 shares in the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of Allison Transmission in the third quarter worth $479,000. Finally, Verdence Capital Advisors LLC bought a new position in shares of Allison Transmission during the third quarter valued at $229,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded down $1.56 during trading hours on Friday, reaching $116.11. 633,846 shares of the stock traded hands, compared to its average volume of 617,433. The company has a 50 day moving average price of $98.97 and a 200 day moving average price of $86.39. Allison Transmission Holdings, Inc. has a one year low of $52.83 and a one year high of $121.36. 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 has a market capitalization of $10.06 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 2.12 and a beta of 0.98.

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, 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 business had revenue of $824.00 million during the quarter, compared to analysts' expectations of $790.08 million. During the same period in the prior year, the company earned $1.76 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 8.2 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. Shareholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Monday, November 18th. Allison Transmission's dividend payout ratio is presently 12.18%.

Insiders Place Their Bets

In other news, VP Thomas Eifert sold 1,741 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares in the company, valued at $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company's stock, valued at $1,129,971.60. This represents a 13.87 % 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 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on ALSN. Robert W. Baird increased their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. StockNews.com raised Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Citigroup lifted their target price on Allison Transmission from $97.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Bank of America upped their price target on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Finally, Oppenheimer boosted their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $92.25.

Allison Transmission 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.