WCM Investment Management LLC Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

WCM Investment Management LLC bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, Holdings Channel reports. The fund bought 2,621 shares of the auto parts company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ALSN. Versor Investments LP purchased a new position in Allison Transmission in the 3rd quarter worth about $490,000. Venturi Wealth Management LLC boosted its holdings in shares of Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after buying an additional 162 shares during the period. Meritage Portfolio Management increased its position in shares of Allison Transmission by 10.6% in the third quarter. Meritage Portfolio Management now owns 24,115 shares of the auto parts company’s stock worth $2,317,000 after acquiring an additional 2,311 shares in the last quarter. Covestor Ltd raised its holdings in shares of Allison Transmission by 35.1% during the third quarter. Covestor Ltd now owns 936 shares of the auto parts company’s stock valued at $90,000 after acquiring an additional 243 shares during the period. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Allison Transmission in the 3rd quarter valued at approximately $479,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Down 1.3 %

Shares of Allison Transmission stock opened at $118.46 on Wednesday. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 2.12 and a beta of 0.98. The stock has a 50-day simple moving average of $97.78 and a 200-day simple moving average of $85.85. Allison Transmission Holdings, Inc. has a 52-week low of $52.36 and a 52-week high of $121.36. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 earnings per share. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 8.2 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Robert W. Baird lifted their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Citigroup lifted their target price on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Oppenheimer increased their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $92.25.

Insider Transactions at Allison Transmission

In related news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at $960,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Profile

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.