Allison Transmission Holdings, Inc. $ALSN Shares Acquired by Soltis Investment Advisors LLC

Key Points

• Soltis Investment Advisors increased its Allison Transmission stake by 21.7% in the third quarter, acquiring 9,554 shares and bringing its holdings to 53,637 shares valued at approximately $6.1 million.
• Institutional investors own 96.9% of Allison Transmission, with major additions from BlackRock, First Trust Advisors, Wasatch Advisors, Stockbridge Partners and Bank of America.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $131.57. The company recently exceeded quarterly earnings expectations, reporting $2.73 EPS and $1.57 billion in revenue, while paying a quarterly dividend of $0.29 per share.

Soltis Investment Advisors LLC lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 21.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,637 shares of the auto parts company's stock after acquiring an additional 9,554 shares during the period. Soltis Investment Advisors LLC owned 0.06% of Allison Transmission worth $6,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ALSN. BlackRock Inc. bought a new stake in Allison Transmission during the second quarter worth approximately $448,232,000. First Trust Advisors LP grew its holdings in Allison Transmission by 85.2% during the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company's stock valued at $237,234,000 after purchasing an additional 932,201 shares during the last quarter. Wasatch Advisors LP grew its holdings in Allison Transmission by 105.7% during the second quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company's stock valued at $170,293,000 after purchasing an additional 776,169 shares during the last quarter. Stockbridge Partners LLC bought a new position in shares of Allison Transmission in the second quarter valued at approximately $169,108,000. Finally, Bank of America Corp DE raised its position in shares of Allison Transmission by 12.3% in the first quarter. Bank of America Corp DE now owns 1,100,162 shares of the auto parts company's stock valued at $128,785,000 after purchasing an additional 120,335 shares during the period. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on ALSN shares. Zacks Research upgraded shares of Allison Transmission from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. JPMorgan Chase & Co. lowered their target price on shares of Allison Transmission from $145.00 to $142.00 and set a "neutral" rating on the stock in a research note on Thursday, October 8th. Weiss Ratings upgraded shares of Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Morgan Stanley lifted their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, July 17th. Finally, Citigroup raised shares of Allison Transmission from a "neutral" rating to a "buy" rating and set a $135.00 target price for the company in a research report on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Allison Transmission currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.57.

Allison Transmission Stock Performance

ALSN opened at $109.80 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The stock's 50 day moving average price is $118.21 and its two-hundred day moving average price is $118.27. The firm has a market capitalization of $9.07 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 0.58 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $2.29 earnings per share. The company's quarterly revenue was up 92.4% compared to the same quarter last year. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 10.25 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a yield of 1.1%. Allison Transmission's payout ratio is 18.44%.

Insiders Place Their Bets

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

Allison Transmission Profile

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.

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