SG Americas Securities LLC Acquires Shares of 1,940 Allison Transmission Holdings, Inc. (NYSE:ALSN)

SG Americas Securities LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 3rd quarter, Holdings Channel reports. The firm bought 1,940 shares of the auto parts company’s stock, valued at approximately $186,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALSN. Quent Capital LLC lifted its position in 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 buying an additional 172 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of Allison Transmission by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after purchasing an additional 186 shares during the last quarter. Americana Partners LLC raised its position in Allison Transmission by 3.9% in 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 during the last quarter. Raymond James Trust N.A. lifted its holdings in 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 buying an additional 200 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in Allison Transmission by 0.8% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock valued at $2,034,000 after buying an additional 210 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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 that occurred 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 directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was 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 $960,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the 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 transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. 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 worth $546,060. 1.10% of the stock is owned by company insiders.

Allison Transmission Stock Down 0.3 %

Shares of NYSE:ALSN opened at $98.07 on Thursday. The company has a 50 day moving average price of $92.73 and a two-hundred day moving average price of $83.27. The company has a market capitalization of $8.58 billion, a PE ratio of 13.09, a PEG ratio of 1.78 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $101.40. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

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, topping 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 business had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. During the same quarter last year, the business posted $1.92 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Analysts forecast that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given 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%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALSN. The Goldman Sachs Group upped their price target on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Raymond James assumed coverage on shares of Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price on the stock. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Robert W. Baird raised their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.86.

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.