Asset Management One Co. Ltd. Acquires Shares of 10,485 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Asset Management One Co. Ltd. acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,485 shares of the auto parts company's stock, valued at approximately $1,140,000.

Other institutional investors have also added to or reduced their stakes in the company. Smith Group Asset Management LLC acquired a new position in Allison Transmission during the 4th quarter worth approximately $2,161,000. Allspring Global Investments Holdings LLC increased its position in Allison Transmission by 18.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock worth $31,643,000 after purchasing an additional 46,435 shares in the last quarter. Glenmede Trust Co. NA increased its position in Allison Transmission by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company's stock worth $9,333,000 after purchasing an additional 4,261 shares in the last quarter. Franklin Resources Inc. increased its position in Allison Transmission by 46.8% during the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company's stock worth $24,955,000 after purchasing an additional 79,745 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in Allison Transmission during the 3rd quarter worth approximately $947,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares of the company's stock, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 5,326 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,639 shares of company stock valued at $2,448,077 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ALSN shares. Oppenheimer upped their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Citigroup decreased their price target on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 12th. Finally, StockNews.com cut shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Allison Transmission has an average rating of "Hold" and a consensus price target of $100.75.

Allison Transmission Trading Down 1.6 %

Shares of ALSN traded down $1.60 during trading hours on Friday, hitting $100.76. 667,829 shares of the stock were exchanged, compared to its average volume of 694,615. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.35 and a fifty-two week high of $122.53. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The business has a 50-day moving average of $111.81 and a 200-day moving average of $104.21. The firm has a market capitalization of $8.62 billion, a P/E ratio of 12.13 and a beta of 1.00.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. On average, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its board has authorized a share repurchase plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.07%. Allison Transmission's dividend payout ratio is currently 12.03%.

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.