Allison Transmission Holdings, Inc. $ALSN Stock Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 21.7% in the third quarter, Holdings Channel.com reports. The fund owned 53,637 shares of the auto parts company’s stock after buying an additional 9,554 shares during the period. Soltis Investment Advisors LLC’s holdings in Allison Transmission were worth $6,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of ALSN. Millstone Evans Group LLC acquired a new stake in shares of Allison Transmission during the 1st quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Allison Transmission during the first quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Allison Transmission during the first quarter valued at approximately $28,000. Mather Group LLC. raised its stake in shares of Allison Transmission by 68.2% in the third quarter. Mather Group LLC. now owns 291 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 118 shares in the last quarter. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Allison Transmission in the second quarter valued at $43,000. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In related news, insider Eric Scroggins sold 1,050 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider owned 16,604 shares of the company’s stock, valued at $2,075,500. The trade was a 5.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Graziosi sold 26,708 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the sale, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Up 0.5%

Shares of ALSN opened at $109.80 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The company has a 50-day moving average price of $118.21 and a two-hundred day moving average price of $118.27. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 0.58 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company posted $2.29 EPS. The company’s revenue was up 92.4% compared to the same quarter last year. Equities analysts predict that Allison Transmission Holdings, Inc. will post 10.25 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is 18.44%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ALSN shares. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Citigroup upgraded shares of Allison Transmission from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Monday, October 12th. Wells Fargo & Company lowered their price target on shares of Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, October 8th. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $145.00 to $142.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Finally, Morgan Stanley raised their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.57.

Allison Transmission Company Profile

Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.

Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.