Versor Investments LP Buys New Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Versor Investments LP bought a new position 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 5,105 shares of the auto parts company’s stock, valued at approximately $490,000.

Several other institutional investors have also recently added to or reduced their stakes in ALSN. Venturi Wealth Management LLC increased its stake in 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 in the last quarter. Meritage Portfolio Management grew its stake in shares of Allison Transmission by 10.6% in the 3rd quarter. Meritage Portfolio Management now owns 24,115 shares of the auto parts company’s stock valued at $2,317,000 after buying an additional 2,311 shares during the period. Covestor Ltd increased its position in Allison Transmission by 35.1% in the 3rd quarter. Covestor Ltd now owns 936 shares of the auto parts company’s stock valued at $90,000 after buying an additional 243 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in Allison Transmission during the 3rd quarter worth approximately $479,000. Finally, Verdence Capital Advisors LLC bought a new position in Allison Transmission in the third quarter worth approximately $229,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Down 1.1 %

ALSN opened at $117.67 on Friday. The company’s 50-day moving average price is $98.97 and its two-hundred day moving average price is $86.39. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a twelve month low of $52.83 and a twelve month high of $121.36. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 2.11 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released 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. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the business posted $1.76 earnings per share. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 8.2 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s 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 transaction, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. This trade represents a 13.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ALSN has been the subject of several recent research reports. Oppenheimer boosted their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Robert W. Baird upped their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Citigroup boosted their target price 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. 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 increased their price objective on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus target price of $92.25.

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.