Alps Advisors Inc. acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,592 shares of the auto parts company’s stock, valued at approximately $510,000.

A number of other large investors have also bought and sold shares of the stock. USA Financial Portformulas Corp lifted its stake in Allison Transmission Holdings by 1.7% during the second quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock worth $764,000 after purchasing an additional 345 shares during the last quarter. EagleClaw Capital Managment LLC lifted its stake in Allison Transmission Holdings by 5.1% during the second quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock worth $390,000 after purchasing an additional 500 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its stake in Allison Transmission Holdings by 0.5% during the second quarter. C M Bidwell & Associates Ltd. now owns 111,390 shares of the auto parts company’s stock worth $4,178,000 after purchasing an additional 565 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Allison Transmission Holdings by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 607 shares during the last quarter. Finally, ETRADE Capital Management LLC lifted its stake in Allison Transmission Holdings by 4.9% during the second quarter. ETRADE Capital Management LLC now owns 30,296 shares of the auto parts company’s stock worth $1,136,000 after purchasing an additional 1,410 shares during the last quarter.

Allison Transmission Holdings, Inc. (ALSN) opened at $38.95 on Friday. The company has a market capitalization of $5,890.00, a PE ratio of 18.63, a PEG ratio of 1.69 and a beta of 1.24. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57. Allison Transmission Holdings, Inc. has a twelve month low of $32.01 and a twelve month high of $45.69.

Allison Transmission Holdings (NYSE:ALSN) last announced its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.27. Allison Transmission Holdings had a return on equity of 45.65% and a net margin of 16.34%. The company had revenue of $595.00 million for the quarter, compared to the consensus estimate of $533.53 million. During the same quarter in the previous year, the business earned $0.27 EPS. Allison Transmission Holdings’s revenue was up 37.1% compared to the same quarter last year. research analysts expect that Allison Transmission Holdings, Inc. will post 2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. Allison Transmission Holdings’s dividend payout ratio is presently 26.43%.

Allison Transmission Holdings announced that its board has authorized a stock buyback plan on Wednesday, November 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

In related news, SVP Randall R. Kirk sold 7,541 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total transaction of $258,430.07. Following the transaction, the senior vice president now owns 84,494 shares in the company, valued at approximately $2,895,609.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David S. Graziosi sold 39,264 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total value of $1,461,798.72. Following the transaction, the chief financial officer now owns 233,387 shares in the company, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. 7.90% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This article was posted by Watch List News and is owned by of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.watchlistnews.com/13592-shares-in-allison-transmission-holdings-inc-alsn-acquired-by-alps-advisors-inc/1711784.html.

ALSN has been the subject of several research analyst reports. Citigroup Inc. lifted their price target on Allison Transmission Holdings from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Allison Transmission Holdings in a research note on Thursday, November 2nd. Zacks Investment Research raised Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Friday, November 3rd. BidaskClub lowered Allison Transmission Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $41.00 price target (up previously from $40.00) on shares of Allison Transmission Holdings in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $44.18.

About Allison Transmission Holdings

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSN).

Institutional Ownership by Quarter for Allison Transmission Holdings (NYSE:ALSN)

Receive News & Ratings for Allison Transmission Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.