2,631 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,631 shares of the auto parts company’s stock, valued at approximately $261,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in Allison Transmission by 43.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 36,985 shares of the auto parts company’s stock worth $3,553,000 after buying an additional 11,119 shares during the period. DekaBank Deutsche Girozentrale increased its position in Allison Transmission by 0.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 100,752 shares of the auto parts company’s stock worth $9,612,000 after buying an additional 391 shares during the period. GHP Investment Advisors Inc. bought a new position in Allison Transmission in the 3rd quarter worth approximately $760,000. Wealth Enhancement Advisory Services LLC increased its position in Allison Transmission by 46.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,270 shares of the auto parts company’s stock worth $1,467,000 after buying an additional 4,837 shares during the period. Finally, Parcion Private Wealth LLC bought a new position in Allison Transmission in the 3rd quarter worth approximately $5,906,000. 96.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Allison Transmission news, 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 completion of the sale, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at $1,129,971.60. This trade represents 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 ninety days. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ALSN has been the topic of several recent analyst reports. Citigroup lifted their price target on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research report on Friday. Oppenheimer boosted their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird boosted 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $92.25.

Allison Transmission Trading Up 0.4 %

Shares of ALSN opened at $107.27 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. Allison Transmission Holdings, Inc. has a 12-month low of $51.19 and a 12-month high of $109.30. The firm has a market capitalization of $9.35 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The stock’s fifty day simple moving average is $94.90 and its 200-day simple moving average is $84.29.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 53.66% and a net margin of 22.66%. The business had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 8.07 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. Allison Transmission’s dividend payout ratio is presently 12.18%.

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.