Alliancebernstein L.P. Has $15.66 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Alliancebernstein L.P. increased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 177.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,951 shares of the auto parts company's stock after acquiring an additional 92,754 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of Allison Transmission worth $15,663,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. DGS Capital Management LLC boosted its stake in Allison Transmission by 2.5% during the 4th quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock valued at $370,000 after purchasing an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Allison Transmission by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock worth $1,661,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System raised its stake in Allison Transmission by 0.4% during 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 during the last quarter. Amalgamated Bank boosted its holdings in Allison Transmission by 1.6% in the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after purchasing an additional 103 shares during the period. Finally, Quarry LP increased its holdings in shares of Allison Transmission by 46.7% during 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. 96.90% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares in the company, valued at $1,466,938.04. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission 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 owns 14,138 shares of the company's stock, valued at $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 currently owned by corporate insiders.

Allison Transmission Stock Up 0.4 %

NYSE ALSN traded up $0.35 on Monday, reaching $89.17. The company had a trading volume of 44,606 shares, compared to its average volume of 637,064. The company's fifty day moving average is $98.58 and its 200-day moving average is $106.32. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 10.73 and a beta of 0.95. 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 announced its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating 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 declared that its board has approved a share repurchase program on Thursday, February 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.27 dividend. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ALSN shares. Morgan Stanley lifted their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Friday. Finally, Citigroup dropped their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $98.00.

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.