Allianz Asset Management GmbH Purchases 69,008 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Allianz Asset Management GmbH raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,061,351 shares of the auto parts company's stock after buying an additional 69,008 shares during the period. Allianz Asset Management GmbH owned 1.23% of Allison Transmission worth $114,690,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of 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 buying an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Allison Transmission by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock valued at $1,661,000 after acquiring an additional 100 shares during the last quarter. Quarry LP grew its position 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 valued at $34,000 after acquiring an additional 114 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of Allison Transmission by 3.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company's stock worth $355,000 after purchasing an additional 126 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Allison Transmission by 7.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $210,000 after purchasing an additional 129 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 1,723 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the sale, the chief executive officer now directly owns 168,833 shares of the company's stock, valued at $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred 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 sale, the senior vice president now owns 6,420 shares of the company's stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,639 shares of company stock worth $2,448,077. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Stock Down 1.6 %

ALSN stock opened at $100.76 on Friday. The stock has a 50-day simple moving average of $111.81 and a two-hundred day simple moving average of $104.21. Allison Transmission Holdings, Inc. has a twelve month low of $71.35 and a twelve month high of $122.53. The firm has a market capitalization of $8.62 billion, a PE ratio of 12.13 and a beta of 1.00. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45.

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, beating 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, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

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

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.27 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.07%. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio is presently 12.03%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ALSN. Morgan Stanley increased their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. Bank of America upped their price target on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. Citigroup reduced their target price 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. Finally, StockNews.com lowered shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $100.75.

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.

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