Impact Partnership Wealth LLC Purchases Shares of 2,325 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Impact Partnership Wealth LLC purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,325 shares of the auto parts company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in 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 during the last quarter. Triad Wealth Partners LLC purchased a new stake in Allison Transmission in the second quarter valued at about $33,000. Fifth Third Bancorp raised its stake in 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 buying an additional 506 shares during the last quarter. Quent Capital LLC raised its stake in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock valued at $78,000 after purchasing an additional 728 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ALSN shares. Raymond James started coverage on Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective on the stock. Robert W. Baird increased their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, July 26th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group increased their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Finally, Citigroup increased their price objective on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus price target of $86.86.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the firm’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 sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Thomas Eifert sold 1,741 shares of the firm’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 transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were 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 approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,741 shares of company stock valued at $546,060. Company insiders own 1.10% of the company’s stock.

Allison Transmission Stock Up 1.3 %

Allison Transmission stock opened at $99.39 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $101.40. The business’s 50-day moving average price is $92.99 and its 200 day moving average price is $83.38. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, beating the consensus estimate of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. During the same period last year, the company earned $1.92 earnings per share. Allison Transmission’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s payout ratio is currently 13.35%.

About Allison Transmission

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.