Chicago Partners Investment Group LLC Purchases Shares of 7,481 Allison Transmission Holdings, Inc. $ALSN

Chicago Partners Investment Group LLC purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,481 shares of the auto parts company’s stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Verdence Capital Advisors LLC grew its stake in shares of Allison Transmission by 2.1% in the second quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock worth $594,000 after purchasing an additional 131 shares during the last quarter. M&T Bank Corp raised its position in Allison Transmission by 3.8% during the 2nd quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after purchasing an additional 138 shares during the last quarter. Westover Capital Advisors LLC lifted its holdings in Allison Transmission by 3.0% in the 2nd quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock worth $491,000 after buying an additional 150 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Allison Transmission by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after buying an additional 165 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Allison Transmission by 4.1% during the second quarter. QRG Capital Management Inc. now owns 4,734 shares of the auto parts company’s stock valued at $450,000 after buying an additional 187 shares during the period. 96.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP John Coll sold 1,791 shares of the firm’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 transaction of $176,932.89. Following the completion of the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at $989,974.59. This trade represents a 15.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Down 1.4%

NYSE:ALSN opened at $109.52 on Friday. 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 firm’s 50-day moving average price is $97.51 and its 200-day moving average price is $90.19. The company has a market capitalization of $9.12 billion, a PE ratio of 13.42 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $120.28.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The business had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period last year, the business earned $2.27 earnings per share. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a $0.27 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio is presently 13.24%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ALSN shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Allison Transmission in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday. Raymond James Financial raised their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 22nd. Morgan Stanley lifted their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $102.00.

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.