EAM Investors LLC Takes $3.41 Million Position in Allison Transmission Holdings Inc (ALSN)
EAM Investors LLC bought a new position in Allison Transmission Holdings Inc (NYSE:ALSN) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 65,459 shares of the auto parts company’s stock, valued at approximately $3,405,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Alps Advisors Inc. lifted its stake in Allison Transmission by 9.0% in the 2nd quarter. Alps Advisors Inc. now owns 13,592 shares of the auto parts company’s stock worth $585,000 after purchasing an additional 1,123 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Allison Transmission by 12.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 10,795 shares of the auto parts company’s stock valued at $561,000 after buying an additional 1,168 shares during the period. Colony Group LLC raised its position in shares of Allison Transmission by 1.5% during the 2nd quarter. Colony Group LLC now owns 87,687 shares of the auto parts company’s stock valued at $3,550,000 after buying an additional 1,328 shares during the period. Amalgamated Bank raised its position in shares of Allison Transmission by 6.1% during the 2nd quarter. Amalgamated Bank now owns 28,237 shares of the auto parts company’s stock valued at $1,143,000 after buying an additional 1,629 shares during the period. Finally, AMI Investment Management Inc. raised its position in shares of Allison Transmission by 1.5% during the 2nd quarter. AMI Investment Management Inc. now owns 121,555 shares of the auto parts company’s stock valued at $4,922,000 after buying an additional 1,780 shares during the period.
Several analysts have recently commented on ALSN shares. Credit Suisse Group lifted their price target on shares of Allison Transmission from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Stifel Nicolaus lifted their price target on shares of Allison Transmission from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Citigroup reduced their price target on shares of Allison Transmission from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Piper Jaffray Companies set a $26.00 target price on Allison Transmission and gave the company a “sell” rating in a research report on Tuesday, July 31st. Finally, ValuEngine raised Allison Transmission from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.82.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, October 29th. The auto parts company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. The company had revenue of $692.00 million for the quarter, compared to analyst estimates of $656.52 million. Allison Transmission had a return on equity of 90.71% and a net margin of 26.64%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 earnings per share. Analysts predict that Allison Transmission Holdings Inc will post 4.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Monday, November 19th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. Allison Transmission’s dividend payout ratio (DPR) is 22.56%.
In other Allison Transmission news, Director Lawrence E. Dewey sold 111,459 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $51.77, for a total value of $5,770,232.43. Following the completion of the transaction, the director now owns 400,133 shares in the company, valued at $20,714,885.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Eric C. Scroggins sold 4,940 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $49.00, for a total transaction of $242,060.00. Following the completion of the transaction, the vice president now owns 23,893 shares of the company’s stock, valued at approximately $1,170,757. The disclosure for this sale can be found here. In the last 90 days, insiders sold 383,664 shares of company stock valued at $19,804,006. Insiders own 8.40% of the company’s stock.
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Allison Transmission Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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