OmniStar Financial Group Inc. Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

OmniStar Financial Group Inc. purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,724 shares of the auto parts company’s stock, valued at approximately $935,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALSN. Aaron Wealth Advisors LLC bought a new position in shares of Allison Transmission during the 3rd quarter worth approximately $249,000. Vista Investment Partners LLC bought a new position in shares of Allison Transmission during the third quarter valued at $625,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Allison Transmission in the 3rd quarter valued at $274,000. Creative Planning grew its holdings in shares of Allison Transmission by 7.9% in the 3rd quarter. Creative Planning now owns 5,161 shares of the auto parts company’s stock worth $496,000 after purchasing an additional 380 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of Allison Transmission by 8.0% during the 3rd quarter. Ritholtz Wealth Management now owns 19,418 shares of the auto parts company’s stock worth $1,866,000 after purchasing an additional 1,433 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ALSN shares. Robert W. Baird raised their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Citigroup upped their price target on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Raymond James began coverage on Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.86.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Thomas Eifert sold 1,741 shares of the business’s 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,741 shares of company stock worth $546,060 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Trading Up 0.4 %

Shares of NYSE:ALSN traded up $0.37 during mid-day trading on Friday, reaching $100.72. The stock had a trading volume of 101,108 shares, compared to its average volume of 620,252. The firm has a 50 day simple moving average of $91.54 and a two-hundred day simple moving average of $82.78. Allison Transmission Holdings, Inc. has a twelve month low of $50.13 and a twelve month high of $101.22. The firm has a market cap of $8.81 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. During the same period last year, the business posted $1.92 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. 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.