Level Four Advisory Services LLC Boosts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Level Four Advisory Services LLC raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,527 shares of the auto parts company's stock after buying an additional 3,605 shares during the quarter. Level Four Advisory Services LLC owned about 0.09% of Allison Transmission worth $8,702,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P lifted its stake in Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after purchasing an additional 1,785,687 shares during the last quarter. Norges Bank purchased a new stake in Allison Transmission during the 4th quarter valued at $108,916,000. Raymond James Financial Inc. purchased a new position in shares of Allison Transmission in the fourth quarter valued at about $41,081,000. Charles Schwab Investment Management Inc. raised its stake in shares of Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock valued at $87,896,000 after acquiring an additional 233,214 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Allison Transmission by 88.3% during the third quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company's stock worth $19,310,000 after purchasing an additional 94,229 shares during the period. 96.90% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of research firms have commented on ALSN. JPMorgan Chase & Co. lowered their price target on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. 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. Citigroup dropped their price objective on shares of Allison Transmission from $115.00 to $108.00 and set a "neutral" rating on the stock in a research note on Monday. The Goldman Sachs Group raised 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 Allison Transmission from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $101.13.

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction 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 transaction, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

Shares of ALSN stock traded up $1.13 on Tuesday, hitting $96.80. 261,116 shares of the stock traded hands, compared to its average volume of 621,200. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 11.65 and a beta of 1.02. 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 firm has a 50 day simple moving average of $104.69 and a two-hundred day simple moving average of $106.52. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced 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 return on equity of 47.95% and a net margin of 22.67%. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.12%. Allison Transmission's dividend payout ratio is 13.00%.

Allison Transmission declared that its Board of Directors has approved a share buyback program on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

About Allison Transmission

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.