Chartwell Investment Partners LLC increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 48.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,450 shares of the auto parts company’s stock after purchasing an additional 21,030 shares during the period. Chartwell Investment Partners LLC’s holdings in Allison Transmission Holdings were worth $2,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. USA Financial Portformulas Corp raised its holdings 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 in the last quarter. EagleClaw Capital Managment LLC raised its holdings 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 in the last quarter. C M Bidwell & Associates Ltd. raised its holdings 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 in the last quarter. Finally, ETRADE Capital Management LLC raised its holdings 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 in the last quarter.

Several research analysts have weighed in on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Allison Transmission Holdings in a research report on Wednesday, August 2nd. J P Morgan Chase & Co lowered shares of Allison Transmission Holdings from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $39.00 in a research report on Thursday, August 17th. BidaskClub lowered shares of Allison Transmission Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Deutsche Bank AG set a $37.00 target price on shares of Allison Transmission Holdings and gave the stock a “sell” rating in a research report on Wednesday, November 1st. Finally, Bank of America Corporation set a $52.00 target price on shares of Allison Transmission Holdings and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.18.

In other news, SVP Randall R. Kirk sold 7,541 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total value of $258,430.07. Following the sale, the senior vice president now directly owns 84,494 shares in the company, valued at $2,895,609.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Graziosi sold 39,264 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the completion of the sale, the chief financial officer now owns 233,387 shares in the company, valued at $8,688,998.01. The disclosure for this sale can be found here. Insiders sold 54,305 shares of company stock worth $2,016,554 over the last quarter. Company insiders own 7.90% of the company’s stock.

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) opened at $39.02 on Friday. The company has a market cap of $5,598.13, a P/E ratio of 17.47, a PEG ratio of 1.59 and a beta of 1.24. Allison Transmission Holdings, Inc. has a 1 year low of $32.25 and a 1 year high of $45.69. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be given a $0.15 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. Allison Transmission Holdings’s dividend payout ratio is presently 26.55%.

Allison Transmission Holdings announced that its board has approved a stock repurchase plan on Wednesday, November 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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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).

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

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