Natixis Advisors LLC Boosts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Natixis Advisors LLC increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 19.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,424 shares of the auto parts company's stock after acquiring an additional 29,373 shares during the period. Natixis Advisors LLC owned about 0.21% of Allison Transmission worth $19,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SRH Advisors LLC acquired a new stake in Allison Transmission during the 4th quarter worth approximately $26,000. World Investment Advisors LLC bought a new position in shares of Allison Transmission during the third quarter valued at $29,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission during the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Allison Transmission in the fourth quarter worth $31,000. Finally, Quarry LP increased its holdings in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after purchasing an additional 114 shares during the period. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price objective 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. The Goldman Sachs Group upped their target price on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Citigroup dropped their price target on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Two 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $102.00.

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Allison Transmission Stock Down 2.6 %

Allison Transmission stock traded down $2.52 during mid-day trading on Friday, reaching $96.38. The stock had a trading volume of 3,525,355 shares, compared to its average volume of 596,436. 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 Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The stock's 50-day simple moving average is $106.89 and its 200-day simple moving average is $105.79. The firm has a market capitalization of $8.24 billion, a PE ratio of 11.60 and a beta of 1.02.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating analysts' consensus estimates 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, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors 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 1.12%. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

Allison Transmission declared that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to reacquire up to 57.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the firm's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares of the company's stock, valued at $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction dated 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 $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.