4,661 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,661 shares of the auto parts company’s stock, valued at approximately $275,000.

Several other institutional investors have also recently made changes to their positions in ALSN. Global Retirement Partners LLC increased its holdings in Allison Transmission by 1,706.7% in the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock valued at $32,000 after buying an additional 512 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in Allison Transmission in the fourth quarter valued at $25,000. Loomis Sayles & Co. L P increased its holdings in Allison Transmission by 222.5% in the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after buying an additional 416 shares in the last quarter. IFP Advisors Inc increased its holdings in Allison Transmission by 1,538.6% in the third quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock valued at $43,000 after buying an additional 677 shares in the last quarter. Finally, Comerica Bank purchased a new position in Allison Transmission in the second quarter valued at $48,000. Hedge funds and other institutional investors own 96.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ALSN shares. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $48.00 to $55.00 and gave the company a “sell” rating in a research report on Thursday, February 15th. Robert W. Baird boosted their price target on shares of Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Morgan Stanley initiated coverage on shares of Allison Transmission in a research report on Monday, January 8th. They set an “equal weight” rating and a $62.00 price target on the stock. Finally, StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.00.

View Our Latest Stock Analysis on ALSN

Allison Transmission Price Performance

Allison Transmission stock opened at $79.03 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $41.83 and a 12-month high of $79.43. The stock has a market capitalization of $6.89 billion, a P/E ratio of 10.62, a P/E/G ratio of 1.47 and a beta of 1.02. The firm’s 50-day moving average is $68.15 and its two-hundred day moving average is $60.66. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94.

Allison Transmission (NYSE:ALSNGet Free Report) last released its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.49. The business had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $744.00 million. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. Equities analysts predict that Allison Transmission Holdings, Inc. will post 7.64 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.25 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, March 1st. Allison Transmission’s payout ratio is presently 13.44%.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Niekerk Teresa Van sold 6,241 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $74.87, for a total transaction of $467,263.67. Following the sale, the vice president now directly owns 21,112 shares in the company, valued at $1,580,655.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,843 shares of company stock valued at $6,244,562. Corporate insiders own 1.10% of the company’s stock.

About Allison Transmission

(Free Report)

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

Featured Articles

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:ALSNFree Report).

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

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