Today, Icon Advisers Inc. Co. decides to keep it stake in Allison Transmission Holdings Inc (ALSN) to the level of $4,718,000

Today, Icon Advisers Inc. Co. decides to keep it stake in Allison Transmission Holdings Inc (ALSN) to the level of $4,718,000

Icon Advisers Inc. Co. increased its stake in Allison Transmission Holdings Inc (NASDAQ:ALSN) by 558.0% during the third quarter, Holdings Channel reports. The fund owned 164,500 shares of the company’s stock after buying an additional 139,500 shares during the period. Icon Advisers Inc. Co. owned about 0.10% of Allison Transmission Holdings worth $4,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALSN. SG Americas Securities LLC bought a new position in Allison Transmission Holdings during the second quarter valued at approximately $177,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Allison Transmission Holdings by 29.9% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 140,205 shares of the company’s stock valued at $3,958,000 after buying an additional 32,300 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Allison Transmission Holdings during the second quarter valued at approximately $9,022,000. Suntrust Banks Inc. boosted its position in Allison Transmission Holdings by 36.1% in the second quarter. Suntrust Banks Inc. now owns 35,191 shares of the company’s stock valued at $992,000 after buying an additional 9,326 shares during the last quarter. Finally, Societe Generale bought a new position in Allison Transmission Holdings during the second quarter valued at approximately $177,000.

Allison Transmission Holdings Inc (NASDAQ:ALSN) traded up 0.06% during mid-day trading on Friday, hitting $32.53. The stock had a trading volume of 138,432 shares. The company has a 50-day moving average of $29.32 and a 200-day moving average of $28.42. The firm has a market cap of $5.38 billion and a PE ratio of 33.16. Allison Transmission Holdings Inc has a 12-month low of $20.56 and a 12-month high of $32.85.

Allison Transmission Holdings (NASDAQ:ALSN) last released its quarterly earnings data on Monday, October 24th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company earned $434.30 million during the quarter, compared to analysts’ expectations of $431.07 million. During the same period last year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. Analysts expect that Allison Transmission Holdings Inc will post $1.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, November 9th.

Several research analysts recently commented on the company. Zacks Investment Research raised Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, October 27th. Citigroup Inc. reissued a “neutral” rating and set a $30.00 target price (up from $28.00) on shares of Allison Transmission Holdings in a research note on Friday, July 29th. Barclays PLC lowered their price objective on Allison Transmission Holdings from $31.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, October 12th. started coverage on Allison Transmission Holdings in a research report on Friday, September 30th. They set an “outperform” rating and a $31.00 price objective for the company. Finally, Credit Suisse Group AG reaffirmed a “focus list” rating and set a $32.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday, September 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.00.

In other Allison Transmission Holdings news, VP Eric C. Scroggins sold 1,238 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $29.03, for a total value of $35,939.14. Following the transaction, the vice president now directly owns 14,083 shares of the company’s stock, valued at $408,829.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Valueact Capital Master Fund, sold 4,300,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $28.20, for a total value of $121,260,000.00. The disclosure for this sale can be found here.

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