Measured Wealth Private Client Group LLC Has $707,000 Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Measured Wealth Private Client Group LLC lifted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,361 shares of the auto parts company’s stock after buying an additional 407 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Allison Transmission were worth $707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ALSN. Thompson Siegel & Walmsley LLC boosted its position in shares of Allison Transmission by 257.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock worth $24,245,000 after buying an additional 230,152 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Allison Transmission by 108.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after purchasing an additional 135,194 shares during the last quarter. Carlson Capital L P acquired a new stake in Allison Transmission during the first quarter valued at $9,561,000. Sanctuary Advisors LLC acquired a new stake in Allison Transmission during the second quarter valued at $7,953,000. Finally, Burney Co. boosted its position in Allison Transmission by 34.7% during the first quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock valued at $32,119,000 after purchasing an additional 101,920 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALSN. Bank of America lifted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Citigroup boosted their price target on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird boosted their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $91.00.

Allison Transmission Trading Up 7.9 %

Allison Transmission stock opened at $108.11 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The business’s 50-day simple moving average is $94.20 and its 200-day simple moving average is $83.94. The firm has a market capitalization of $9.46 billion, a PE ratio of 14.43, a PEG ratio of 1.78 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $109.30.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 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 analyst estimates of $790.08 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 0.92%. Allison Transmission’s dividend payout ratio is 13.35%.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 over the last three months. Company insiders own 1.10% of the company’s stock.

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.