GHP Investment Advisors Inc. Acquires New Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

GHP Investment Advisors Inc. acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, according to its most recent filing with the SEC. The firm acquired 7,912 shares of the auto parts company’s stock, valued at approximately $760,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in shares of Allison Transmission by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after purchasing an additional 167 shares in the last quarter. Quent Capital LLC boosted its position in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 172 shares in the last quarter. Miller Howard Investments Inc. NY boosted its position in shares of Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock worth $676,000 after purchasing an additional 186 shares in the last quarter. Americana Partners LLC boosted its position in shares of Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 191 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Allison Transmission by 4.1% during the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 200 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Trading Down 0.9 %

Shares of ALSN stock opened at $98.49 on Monday. The firm has a 50-day moving average price of $93.24 and a 200 day moving average price of $83.50. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $101.40. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 13.15, a PEG 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 (NYSE:ALSN) last announced its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating the consensus estimate 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 previous year, the company posted $1.92 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio is currently 13.35%.

Analysts Set New Price Targets

Several brokerages have commented on ALSN. 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. Robert W. Baird lifted their price target on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Citigroup lifted their price target on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group lifted their price target on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.86.

Insider Activity

In other news, 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 owns 9,601 shares of the company’s stock, valued at $960,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock valued at $546,060 in the last 90 days. 1.10% of the stock is currently owned by insiders.

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.