Solidarity Wealth LLC Buys 7,781 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Solidarity Wealth LLC increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,952 shares of the auto parts company’s stock after acquiring an additional 7,781 shares during the quarter. Allison Transmission makes up about 5.8% of Solidarity Wealth LLC’s portfolio, making the stock its 4th largest position. Solidarity Wealth LLC owned approximately 0.26% of Allison Transmission worth $21,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Private Advisor Group LLC increased its holdings in shares of Allison Transmission by 4.4% during the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock valued at $382,000 after acquiring an additional 167 shares in the last quarter. Quent Capital LLC raised its holdings in Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY lifted its stake in shares of Allison Transmission by 2.1% in the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after buying an additional 186 shares in the last quarter. Americana Partners LLC grew its holdings in shares of Allison Transmission by 3.9% during the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after buying an additional 191 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Allison Transmission by 4.1% during the second quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock worth $385,000 after acquiring an additional 200 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,741 shares of company stock valued at $546,060. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALSN. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Robert W. Baird upped their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Bank of America raised their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $108.11 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.78 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 52 week low of $50.13 and a 52 week high of $109.30. The firm’s 50-day simple moving average is $94.20 and its two-hundred day simple moving average is $83.94.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the previous year, the firm posted $1.76 EPS. Allison Transmission’s revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Allison Transmission’s payout ratio is 13.35%.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.