MONECO Advisors LLC Has $314,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

MONECO Advisors LLC boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,272 shares of the auto parts company’s stock after acquiring an additional 475 shares during the quarter. MONECO Advisors LLC’s holdings in Allison Transmission were worth $314,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ALSN. Versant Capital Management Inc increased its stake in shares of Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Allison Transmission in the second quarter valued at $33,000. Fifth Third Bancorp increased 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. Quent Capital LLC increased its stake in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock valued at $78,000 after acquiring an additional 728 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Thomas Eifert sold 1,741 shares of Allison Transmission 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 transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP John Coll sold 2,000 shares of Allison Transmission 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 sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ALSN shares. Oppenheimer raised their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. 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. The Goldman Sachs Group raised their price target on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Finally, Citigroup raised their price target on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Two research 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. According to MarketBeat, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $91.00.

Allison Transmission Price Performance

Shares of ALSN opened at $108.11 on Thursday. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. Allison Transmission Holdings, Inc. has a 1 year low of $50.13 and a 1 year high of $109.30. The stock has a market cap of $9.46 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. The stock’s 50-day moving average price is $94.20 and its two-hundred day moving average price is $83.94.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter last year, the business earned $1.76 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

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.