Victory Capital Management Inc. Has $23.55 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Victory Capital Management Inc. raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 86.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 245,148 shares of the auto parts company’s stock after acquiring an additional 113,868 shares during the quarter. Victory Capital Management Inc. owned approximately 0.28% of Allison Transmission worth $23,551,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ALSN. Acadian Asset Management LLC bought a new position in shares of Allison Transmission in the first quarter valued at about $2,956,000. Covestor Ltd raised its position in shares of 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 purchasing an additional 728 shares during the period. Seven Eight Capital LP bought a new position in shares of Allison Transmission in the first quarter valued at about $353,000. Paragon Associates & Paragon Associates II Joint Venture raised its position in shares of Allison Transmission by 300.0% in the first quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 20,000 shares of the auto parts company’s stock valued at $1,623,000 after purchasing an additional 15,000 shares during the period. Finally, Delap Wealth Advisory LLC bought a new position in shares of Allison Transmission in the first quarter valued at about $422,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Up 1.3 %

Allison Transmission stock opened at $117.41 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission Holdings, Inc. has a 52-week low of $53.00 and a 52-week high of $121.36. The firm has a 50 day moving average price of $100.17 and a two-hundred day moving average price of $87.07. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 2.07 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during 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%. Allison Transmission’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 EPS. Equities analysts predict that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Analyst Ratings Changes

ALSN has been the topic of several research analyst reports. Oppenheimer increased their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Citigroup raised their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Robert W. Baird raised their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group raised their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus price target of $92.25.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 13.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction on Monday, October 7th. The shares were 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 of the company’s stock, valued at $960,100. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by corporate insiders.

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.