Summit Trail Advisors LLC Purchases 390 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Summit Trail Advisors LLC raised its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,486 shares of the auto parts company’s stock after purchasing an additional 390 shares during the quarter. Summit Trail Advisors LLC’s holdings in Allison Transmission were worth $1,007,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in Allison Transmission in the second quarter worth about $33,000. Venturi Wealth Management LLC raised its stake 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. Capital Performance Advisors LLP purchased a new position in shares of Allison Transmission during the 3rd quarter valued at about $82,000. Finally, Fifth Third Bancorp lifted its position in shares of Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after buying an additional 506 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ALSN has been the topic of a number of recent analyst reports. Robert W. Baird raised their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Citigroup raised their price objective on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Bank of America upped their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $94.25.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction on 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 transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the transaction, the senior vice president now owns 8,420 shares in the company, valued at $991,286.60. This trade represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,741 shares of company stock worth $781,520 in the last three months. Insiders own 0.93% of the company’s stock.

Allison Transmission Trading Down 0.4 %

Shares of ALSN stock opened at $119.20 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12-month low of $53.09 and a 12-month high of $122.53. The stock’s 50-day moving average price is $103.86 and its 200-day moving average price is $88.86.

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

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid 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 payout ratio is currently 12.18%.

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.