Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 56.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,714 shares of the auto parts company’s stock after selling 4,756 shares during the period. Squarepoint Ops LLC’s holdings in Allison Transmission were worth $282,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its position 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 position in shares of Allison Transmission in the second quarter worth $33,000. Fifth Third Bancorp lifted its position 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 acquiring an additional 506 shares in the last quarter. Quent Capital LLC boosted its stake in shares of 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 last quarter. Finally, Covestor Ltd boosted its stake in shares of Allison Transmission by 307.2% during 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 owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird upped their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their price target on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday. Raymond James began coverage on Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. Citigroup increased their target price on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $86.86.

Allison Transmission Price Performance

ALSN stock opened at $100.25 on Friday. The stock has a 50-day moving average price of $89.94 and a two-hundred day moving average price of $82.11. The company has a market cap of $8.74 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. 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 12-month low of $50.13 and a 12-month high of $100.73.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The firm had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. During the same quarter in the prior year, the company earned $1.92 EPS. The company’s revenue was up 4.2% on a year-over-year basis. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. Allison Transmission’s payout ratio is 12.99%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s 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 completion of the transaction, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP John Coll sold 2,000 shares of Allison Transmission 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 sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,741 shares of company stock valued at $546,060. Company insiders own 1.10% of the company’s stock.

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.