14,802 Shares in Allison Transmission Holdings, Inc. $ALSN Bought by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 14,802 shares of the auto parts company’s stock, valued at approximately $1,406,000. Allison Transmission accounts for approximately 0.7% of Thompson Davis & CO. Inc.’s portfolio, making the stock its 20th biggest holding.

A number of other institutional investors have also modified their holdings of ALSN. Compound Planning Inc. grew its stake in Allison Transmission by 5.3% during the first quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company’s stock worth $209,000 after buying an additional 109 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Allison Transmission by 2.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock valued at $594,000 after acquiring an additional 131 shares during the period. M&T Bank Corp lifted its holdings in shares of 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 acquiring an additional 138 shares in the last quarter. Islay Capital Management LLC boosted its position in Allison Transmission by 1.3% during the 1st quarter. Islay Capital Management LLC now owns 10,953 shares of the auto parts company’s stock worth $1,048,000 after purchasing an additional 140 shares during the period. Finally, Westover Capital Advisors LLC boosted its position in Allison Transmission by 3.0% during the 2nd quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock worth $491,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James Financial raised shares of Allison Transmission from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $105.00 to $110.00 in a research report on Monday, December 8th. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Wells Fargo & Company began coverage on shares of Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price objective on the stock. Finally, Citigroup lifted their target price on Allison Transmission from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.88.

Allison Transmission Trading Up 0.4%

Shares of ALSN opened at $99.87 on Friday. The business’s 50-day moving average price is $84.94 and its 200 day moving average price is $89.13. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $8.31 billion, a P/E ratio of 12.24 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $121.81.

Allison Transmission (NYSE:ALSN) last released its 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). 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 analysts’ expectations of $779.97 million. During the same quarter in the previous year, the company earned $2.27 EPS. Allison Transmission’s revenue for the quarter was down 15.9% on a year-over-year basis. Analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current 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 paid a $0.27 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Allison Transmission’s payout ratio is 13.24%.

Allison Transmission Company 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.