Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Clifford Capital Partners LLC

Clifford Capital Partners LLC boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 66.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,391 shares of the auto parts company’s stock after acquiring an additional 2,940 shares during the period. Clifford Capital Partners LLC’s holdings in Allison Transmission were worth $710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ALSN. Versant Capital Management Inc increased its stake in shares of Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 336 shares during the period. Triad Wealth Partners LLC acquired a new stake in Allison Transmission in the 2nd quarter valued at approximately $33,000. Venturi Wealth Management LLC boosted its position in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 162 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Allison Transmission in the third quarter worth $82,000. Finally, Fifth Third Bancorp increased its holdings in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 13.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares in the company, valued at $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,741 shares of company stock valued at $781,520. 0.93% of the stock is owned by corporate insiders.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $119.57 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 12-month low of $53.09 and a 12-month high of $122.53. The company’s fifty day moving average is $104.48 and its two-hundred day moving average is $89.16. The company has a market cap of $10.36 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same quarter last year, the business posted $1.76 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts expect that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio is 12.18%.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of recent analyst reports. Bank of America increased their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Oppenheimer upped their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research report on Friday, November 1st. Finally, Citigroup upped their price objective on Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and an average price target of $94.25.

About Allison Transmission

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.