Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 133.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,917 shares of the auto parts company’s stock after purchasing an additional 7,944 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Allison Transmission were worth $1,337,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ALSN. Acadian Asset Management LLC purchased a new stake in Allison Transmission in the 1st quarter valued at $2,956,000. Covestor Ltd grew its holdings in Allison Transmission by 307.2% in the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock valued at $78,000 after buying an additional 728 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Allison Transmission in the 1st quarter valued at $353,000. Paragon Associates & Paragon Associates II Joint Venture grew its holdings in Allison Transmission by 300.0% in the 1st quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 20,000 shares of the auto parts company’s stock valued at $1,623,000 after buying an additional 15,000 shares in the last quarter. Finally, Delap Wealth Advisory LLC purchased a new stake in Allison Transmission in the 1st quarter valued at $422,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $117.41 on Tuesday. The business has a 50-day moving average of $100.17 and a 200 day moving average of $87.07. Allison Transmission Holdings, Inc. has a 12 month low of $53.00 and a 12 month high of $121.36. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. 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 announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same period last year, the business posted $1.76 EPS. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is 12.18%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ALSN. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group upped their target price on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a report on Friday, November 1st. Oppenheimer increased their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Citigroup increased their price target on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird increased their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.25.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. This trade represents a 13.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total value 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 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,741 shares of company stock worth $546,060 in the last three months. 1.10% of the stock is owned by company insiders.

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.