GHP Investment Advisors Inc. Purchases 2,998 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

GHP Investment Advisors Inc. raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 25.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,991 shares of the auto parts company's stock after purchasing an additional 2,998 shares during the period. GHP Investment Advisors Inc.'s holdings in Allison Transmission were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Arizona State Retirement System increased its holdings in Allison Transmission by 0.4% in the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock valued at $2,733,000 after purchasing an additional 100 shares during the last quarter. Vident Advisory LLC grew its position in shares of Allison Transmission by 1.0% during the 4th quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after buying an additional 102 shares during the period. Amalgamated Bank increased its stake in shares of Allison Transmission by 1.6% in the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after acquiring an additional 103 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Allison Transmission by 9.8% in the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock valued at $148,000 after acquiring an additional 138 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Allison Transmission by 3.1% in the 4th quarter. QRG Capital Management Inc. now owns 4,751 shares of the auto parts company's stock valued at $513,000 after acquiring an additional 144 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup cut their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Bank of America boosted their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. The Goldman Sachs Group raised their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, Raymond James Financial cut their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $99.00.

Allison Transmission Stock Performance

ALSN stock traded up $1.27 during trading hours on Thursday, reaching $94.15. The stock had a trading volume of 664,600 shares, compared to its average volume of 663,691. The stock has a 50-day simple moving average of $98.23 and a 200 day simple moving average of $102.48. Allison Transmission Holdings, Inc. has a fifty-two week low of $73.65 and a fifty-two week high of $122.53. The stock has a market capitalization of $7.93 billion, a PE ratio of 10.90 and a beta of 1.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The firm had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. During the same quarter in the previous year, the business earned $1.90 earnings per share. The business's revenue was down 2.9% compared to the same quarter last year. Analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.27 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.15%. Allison Transmission's dividend payout ratio (DPR) is currently 12.50%.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This represents a 10.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the transaction, the vice president now owns 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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.