Inscription Capital LLC Has $1.21 Million Position in Allison Transmission Holdings, Inc. $ALSN

Inscription Capital LLC boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 408.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,242 shares of the auto parts company’s stock after buying an additional 11,441 shares during the quarter. Inscription Capital LLC’s holdings in Allison Transmission were worth $1,209,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ALSN. Trust Co. of Toledo NA OH bought a new position in shares of Allison Transmission during the 2nd quarter worth approximately $28,000. Cullen Frost Bankers Inc. boosted its holdings in Allison Transmission by 3,108.3% during the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 373 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in Allison Transmission in the 2nd quarter valued at $38,000. True Wealth Design LLC lifted its position in Allison Transmission by 93.2% during the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after buying an additional 218 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of Allison Transmission during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ALSN. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Citigroup upped their price objective on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Wells Fargo & Company started coverage on shares of Allison Transmission in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Raymond James Financial lifted their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $99.25.

Insider Activity

In other news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Allison Transmission Trading Down 0.7%

Shares of Allison Transmission stock opened at $109.46 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. The business has a fifty day simple moving average of $95.80 and a two-hundred day simple moving average of $89.83. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $121.81. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 13.41 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). The company had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. Allison Transmission’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 earnings per share. Research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, November 21st. Allison Transmission’s payout ratio is currently 13.24%.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.