Victory Capital Management Inc. Purchases 10,723 Shares of Allison Transmission Holdings, Inc. $ALSN

Victory Capital Management Inc. lifted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,118 shares of the auto parts company’s stock after acquiring an additional 10,723 shares during the period. Victory Capital Management Inc. owned approximately 0.17% of Allison Transmission worth $11,978,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rossby Financial LCC raised its stake in shares of Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 153 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Allison Transmission during the second quarter worth approximately $38,000. True Wealth Design LLC boosted its position in shares of Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 shares during the period. First Horizon Corp bought a new stake in Allison Transmission in the 3rd quarter valued at about $40,000. Finally, SJS Investment Consulting Inc. grew its position in Allison Transmission by 4,716.7% during the third quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock worth $49,000 after buying an additional 566 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Ratings Changes

ALSN has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 25th. Morgan Stanley raised their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. upped their target price on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Wells Fargo & Company increased their price target on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Finally, Oppenheimer boosted their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $111.11.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the transaction, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. This represents a 6.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $113.24 on Thursday. The business’s fifty day moving average is $113.13 and its 200 day moving average is $96.71. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.75 and a beta of 0.96. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $128.85.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be paid a $0.29 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 9th. Allison Transmission’s payout ratio is presently 15.83%.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.