3,014 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Acquired by Caprock Group LLC

Caprock Group LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,014 shares of the auto parts company’s stock, valued at approximately $290,000.

Several other large investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its holdings in Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 336 shares during the last quarter. Triad Wealth Partners LLC bought a new position in Allison Transmission in the 2nd quarter worth $33,000. Fifth Third Bancorp lifted its position in Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 506 shares during the last quarter. Quent Capital LLC boosted its holdings in Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 172 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Allison Transmission by 27.8% in 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. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ALSN shares. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Citigroup increased their price target 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. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Oppenheimer lifted 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. Finally, Robert W. Baird boosted their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $94.25.

Insider Buying and Selling

In other news, 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. The trade was a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on 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 directly owns 8,420 shares in the company, valued at $991,286.60. This represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,741 shares of company stock valued at $781,520. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Up 1.3 %

Shares of ALSN stock opened at $119.65 on Monday. The firm’s fifty day moving average price is $103.23 and its two-hundred day moving average price is $88.47. Allison Transmission Holdings, Inc. has a 1 year low of $53.09 and a 1 year high of $121.36. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $10.36 billion, a P/E ratio of 14.57, a PEG ratio of 2.10 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same period last year, the company earned $1.76 earnings per share. The business’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 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio is currently 12.18%.

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.