Hillsdale Investment Management Inc. maintained its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,245 shares of the auto parts company’s stock at the close of the second quarter. Hillsdale Investment Management Inc.’s holdings in Allison Transmission Holdings were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zacks Investment Management raised its position in shares of Allison Transmission Holdings by 2.4% in the 2nd quarter. Zacks Investment Management now owns 481,985 shares of the auto parts company’s stock worth $18,079,000 after acquiring an additional 11,200 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Allison Transmission Holdings by 20.8% during the 2nd quarter. Voya Investment Management LLC now owns 51,496 shares of the auto parts company’s stock worth $1,932,000 after purchasing an additional 8,854 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Allison Transmission Holdings by 11.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,403,681 shares of the auto parts company’s stock worth $52,650,000 after purchasing an additional 141,741 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Allison Transmission Holdings by 57.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,543,200 shares of the auto parts company’s stock worth $57,885,000 after purchasing an additional 561,334 shares during the last quarter. Finally, Pacific Alternative Asset Management Company LLC purchased a new stake in shares of Allison Transmission Holdings during the 2nd quarter worth $2,168,000.

Shares of Allison Transmission Holdings, Inc. (NYSE ALSN) opened at 37.53 on Monday. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 21.31 and a beta of 1.19. The stock’s 50 day moving average price is $35.66 and its 200-day moving average price is $36.75. Allison Transmission Holdings, Inc. has a 52 week low of $27.03 and a 52 week high of $40.25.

Allison Transmission Holdings (NYSE:ALSN) last released its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.16. Allison Transmission Holdings had a return on equity of 31.27% and a net margin of 14.32%. The business had revenue of $580.00 million during the quarter, compared to analysts’ expectations of $515.03 million. During the same period in the prior year, the firm posted $0.37 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post $2.12 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Buckingham Research initiated coverage on Allison Transmission Holdings in a research report on Tuesday, September 5th. They set a “neutral” rating and a $36.00 price objective on the stock. BidaskClub upgraded shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. ValuEngine upgraded shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Piper Jaffray Companies reissued an “underweight” rating and set a $25.00 price target (down from $31.00) on shares of Allison Transmission Holdings in a research report on Wednesday, August 30th. Finally, Deutsche Bank AG decreased their price target on shares of Allison Transmission Holdings from $44.00 to $43.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Allison Transmission Holdings has an average rating of “Hold” and an average price target of $40.11.

In other Allison Transmission Holdings 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 transaction, the senior vice president now directly owns 84,494 shares in the company, valued at $2,895,609.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David S. Graziosi sold 10,736 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $39.91, for a total transaction of $428,473.76. Following the completion of the transaction, the chief financial officer now owns 204,859 shares in the company, valued at $8,175,922.69. The disclosure for this sale can be found here. Insiders have sold a total of 57,541 shares of company stock worth $2,148,703 in the last three months. Corporate insiders own 7.90% of the company’s stock.

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Allison Transmission Holdings Company Profile

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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