XTX Topco Ltd Increases Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

XTX Topco Ltd raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 100.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,819 shares of the auto parts company's stock after purchasing an additional 8,941 shares during the quarter. XTX Topco Ltd's holdings in Allison Transmission were worth $1,712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ALSN. Triad Wealth Partners LLC bought a new stake in Allison Transmission during the second quarter worth about $33,000. Quarry LP boosted its holdings in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after buying an additional 114 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock valued at $66,000 after buying an additional 506 shares in the last quarter. Venturi Wealth Management LLC raised its position in Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock worth $71,000 after acquiring an additional 162 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Allison Transmission in the third quarter valued at $82,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ALSN shares. Oppenheimer upped their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, October 11th. Robert W. Baird lifted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Bank of America raised 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, Citigroup upped their price objective on shares of Allison Transmission from $115.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $94.25.

Allison Transmission Price Performance

Shares of NYSE ALSN traded up $0.33 during midday trading on Friday, reaching $117.42. The company's stock had a trading volume of 445,496 shares, compared to its average volume of 495,380. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The company has a market cap of $10.17 billion, a P/E ratio of 14.30, a P/E/G ratio of 2.10 and a beta of 0.98. The business's 50 day moving average price is $108.50 and its two-hundred day moving average price is $91.55. Allison Transmission Holdings, Inc. has a fifty-two week low of $54.25 and a fifty-two week high of $122.53.

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

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a $0.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. Allison Transmission's payout ratio is presently 12.18%.

Insider Activity

In related news, CEO David S. Graziosi sold 5,326 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a 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 Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares of the company's stock, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,380 shares of company stock valued at $2,830,837. 1.10% of the stock is currently owned by corporate insiders.

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.