26,408 Allison Transmission Holdings, Inc. $ALSN Shares Bought by Inspire Investing LLC

Inspire Investing LLC raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 187.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,462 shares of the auto parts company’s stock after purchasing an additional 26,408 shares during the period. Inspire Investing LLC’s holdings in Allison Transmission were worth $4,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in shares of Allison Transmission during the first quarter valued at about $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Allison Transmission in the 1st quarter valued at about $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Allison Transmission in the 1st quarter worth approximately $28,000. Mather Group LLC. grew its position in shares of Allison Transmission by 68.2% in the 3rd quarter. Mather Group LLC. now owns 291 shares of the auto parts company’s stock worth $33,000 after buying an additional 118 shares during the last quarter. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Allison Transmission in the 2nd quarter worth approximately $43,000. 96.90% of the stock is currently owned by institutional investors.

Insider Activity at Allison Transmission

In other news, CEO David S. Graziosi sold 26,708 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the sale, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric C. Scroggins sold 1,050 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the transaction, the insider directly owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Allison Transmission Trading Down 2.8%

Allison Transmission stock opened at $106.53 on Friday. The stock has a 50-day moving average price of $119.71 and a 200 day moving average price of $119.81. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 0.58 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $2.29 EPS. Allison Transmission’s quarterly revenue was up 92.4% on a year-over-year basis. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 10.25 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 21st. Allison Transmission’s payout ratio is presently 18.44%.

Analysts Set New Price Targets

Several research firms recently commented on ALSN. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lowered their target price on shares of Allison Transmission from $145.00 to $142.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Citigroup raised shares of Allison Transmission from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Monday, October 12th. Finally, Wells Fargo & Company reduced their price target on Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.57.

About Allison Transmission

Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.

Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.