GAMMA Investing LLC Has $153,000 Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

GAMMA Investing LLC grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 36.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,412 shares of the auto parts company’s stock after buying an additional 379 shares during the quarter. GAMMA Investing LLC’s holdings in Allison Transmission were worth $153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. World Investment Advisors LLC acquired a new stake in Allison Transmission in the 3rd quarter worth approximately $29,000. Quarry LP raised its position in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Allison Transmission in the third quarter worth $67,000. Venturi Wealth Management LLC boosted its holdings in shares of Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after buying an additional 162 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Allison Transmission in the 3rd quarter valued at $82,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Citigroup boosted their price objective on Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Robert W. Baird raised their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Two equities research 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 company. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average price target of $102.63.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $2,683,537 over the last quarter. 1.10% of the stock is owned by company insiders.

Allison Transmission Price Performance

Shares of ALSN stock opened at $110.07 on Thursday. Allison Transmission Holdings, Inc. has a 12 month low of $55.81 and a 12 month high of $122.53. The company has a market capitalization of $9.53 billion, a P/E ratio of 13.41, a P/E/G ratio of 2.03 and a beta of 1.00. The stock has a 50 day moving average of $113.66 and a two-hundred day moving average of $97.13. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $790.08 million. During the same period last year, the business earned $1.76 earnings per share. Allison Transmission’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. Allison Transmission’s dividend payout ratio (DPR) is currently 12.18%.

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.