AlphaQuest LLC Has $3.37 Million Holdings in Allison Transmission Holdings, Inc. $ALSN

AlphaQuest LLC lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 187.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,662 shares of the auto parts company’s stock after buying an additional 25,878 shares during the quarter. AlphaQuest LLC’s holdings in Allison Transmission were worth $3,367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC bought a new position in shares of Allison Transmission in the third quarter valued at about $614,000. Signaturefd LLC grew its stake in Allison Transmission by 38.7% in the 2nd quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock valued at $81,000 after buying an additional 238 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Allison Transmission by 2,937.4% in the 2nd quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company’s stock valued at $17,606,000 after acquiring an additional 179,243 shares during the period. Y Intercept Hong Kong Ltd lifted its position in Allison Transmission by 224.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 74,778 shares of the auto parts company’s stock worth $6,347,000 after acquiring an additional 51,737 shares during the last quarter. Finally, Arcus Capital Partners LLC acquired a new stake in Allison Transmission during the second quarter worth approximately $381,000. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ALSN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Allison Transmission in a research note on Wednesday, January 21st. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday. Raymond James Financial increased their price objective on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 22nd. Wells Fargo & Company boosted their target price on shares of Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $102.00.

Insider Buying and Selling

In other news, SVP John Coll sold 1,791 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value 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 approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE:ALSN opened at $111.45 on Friday. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $119.64. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. 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 company’s 50 day simple moving average is $99.93 and its 200 day simple moving average is $90.68.

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

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a 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.