Chicago Equity Partners LLC Has $22.04 Million Stake in Allison Transmission Holdings Inc (ALSN)

Chicago Equity Partners LLC lifted its position in Allison Transmission Holdings Inc (NYSE:ALSN) by 44.8% in the 3rd quarter, Holdings Channel reports. The fund owned 423,840 shares of the auto parts company’s stock after acquiring an additional 131,175 shares during the period. Allison Transmission comprises 0.6% of Chicago Equity Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Chicago Equity Partners LLC’s holdings in Allison Transmission were worth $22,044,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC bought a new stake in shares of Allison Transmission in the 2nd quarter worth about $510,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Allison Transmission by 96.4% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock worth $166,000 after acquiring an additional 2,010 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Allison Transmission in the 2nd quarter worth about $2,535,000. Empirical Finance LLC bought a new stake in shares of Allison Transmission in the 3rd quarter worth about $1,570,000. Finally, Burney Co. lifted its holdings in shares of Allison Transmission by 77.4% in the 2nd quarter. Burney Co. now owns 146,363 shares of the auto parts company’s stock worth $5,926,000 after acquiring an additional 63,842 shares during the last quarter.

ALSN stock opened at $44.64 on Friday. The stock has a market capitalization of $5.79 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.97 and a beta of 1.43. Allison Transmission Holdings Inc has a 12 month low of $37.41 and a 12 month high of $53.76. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 3.69.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, October 29th. The auto parts company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.17. The company had revenue of $692.00 million for the quarter, compared to the consensus estimate of $656.52 million. Allison Transmission had a net margin of 26.64% and a return on equity of 90.71%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. On average, equities research analysts expect that Allison Transmission Holdings Inc will post 4.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Monday, November 19th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 16th. Allison Transmission’s dividend payout ratio is presently 22.56%.

Several equities research analysts have recently issued reports on ALSN shares. Buckingham Research set a $50.00 target price on shares of Allison Transmission and gave the stock a “hold” rating in a report on Thursday, October 11th. Stifel Nicolaus raised their price target on shares of Allison Transmission from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Bank of America raised their price target on shares of Allison Transmission from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 31st. Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the stock a “sell” rating in a research note on Tuesday, July 31st. Finally, Credit Suisse Group raised their price target on shares of Allison Transmission from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Allison Transmission currently has an average rating of “Hold” and an average target price of $47.82.

In other Allison Transmission news, CEO David S. Graziosi sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $48.52, for a total transaction of $242,600.00. Following the transaction, the chief executive officer now owns 196,921 shares of the company’s stock, valued at approximately $9,554,606.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence E. Dewey sold 111,459 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $51.77, for a total transaction of $5,770,232.43. Following the transaction, the director now directly owns 400,133 shares in the company, valued at approximately $20,714,885.41. The disclosure for this sale can be found here. Insiders sold a total of 388,664 shares of company stock worth $20,046,606 in the last ninety days. 8.40% of the stock is currently owned by insiders.

Allison Transmission Profile

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. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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

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