53,355 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Bought by EAM Investors LLC

EAM Investors LLC acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 53,355 shares of the auto parts company's stock, valued at approximately $5,766,000. Allison Transmission comprises about 0.8% of EAM Investors LLC's investment portfolio, making the stock its 14th largest holding. EAM Investors LLC owned 0.06% of Allison Transmission as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALSN. Smith Group Asset Management LLC purchased a new position in shares of Allison Transmission during the 4th quarter worth $2,161,000. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 during the period. Teacher Retirement System of Texas increased its position in Allison Transmission by 14.5% during the 4th quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock worth $5,729,000 after purchasing an additional 6,728 shares in the last quarter. Convergence Investment Partners LLC lifted its position in Allison Transmission by 115.6% during the fourth quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company's stock valued at $1,507,000 after buying an additional 7,479 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Allison Transmission by 46.8% during the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company's stock worth $24,955,000 after buying an additional 79,745 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALSN. Robert W. Baird reduced their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Citigroup reduced their price target on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. StockNews.com cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Saturday. Morgan Stanley dropped their price target on shares of Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, 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 report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $97.88.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded down $3.72 during trading on Monday, reaching $85.06. The stock had a trading volume of 116,476 shares, compared to its average volume of 641,639. The stock has a market cap of $7.25 billion, a PE ratio of 10.24 and a beta of 0.95. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The firm's 50 day moving average price is $95.97 and its two-hundred day moving average price is $106.04. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

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

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.27 dividend. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.27%. Allison Transmission's dividend payout ratio is 13.00%.

Allison Transmission announced that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in 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 generally a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This trade represents a 10.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now directly owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Allison Transmission Company 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.