Magnetar Financial LLC Takes $739,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Magnetar Financial LLC acquired a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,840 shares of the auto parts company's stock, valued at approximately $739,000.

Other large investors also recently added to or reduced their stakes in the company. DGS Capital Management LLC grew its position in Allison Transmission by 2.5% during the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock valued at $370,000 after acquiring an additional 84 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock valued at $1,661,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Allison Transmission by 0.4% in the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock valued at $2,733,000 after purchasing an additional 100 shares in the last quarter. Amalgamated Bank grew its position in Allison Transmission by 1.6% during the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock worth $690,000 after acquiring an additional 103 shares during the last quarter. Finally, Quarry LP increased its stake in Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after purchasing an additional 114 shares during the period. Institutional investors own 96.90% of the company's stock.

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Insider Transactions at Allison Transmission

In related news, 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 value of $437,325.20. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now directly owns 6,420 shares of the company's stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ALSN shares. StockNews.com cut shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 13th. Citigroup lowered their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their target price on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group upped their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. Finally, Morgan Stanley raised their target price on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and a consensus target price of $102.00.

Allison Transmission Stock Down 0.1 %

Shares of Allison Transmission stock traded down $0.08 during midday trading on Tuesday, hitting $100.22. The company had a trading volume of 694,660 shares, compared to its average volume of 599,746. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The stock has a market capitalization of $8.57 billion, a P/E ratio of 12.06 and a beta of 1.02. The company has a 50 day moving average of $106.34 and a 200 day moving average of $106.21.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results 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, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

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 issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.08%. Allison Transmission's payout ratio is 13.00%.

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.