Arrowstreet Capital Limited Partnership boosted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 656,336 shares of the auto parts company's stock after acquiring an additional 14,038 shares during the period. Arrowstreet Capital Limited Partnership owned 0.76% of Allison Transmission worth $70,924,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DGS Capital Management LLC grew its position in shares of 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 worth $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% 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 in the last quarter. Arizona State Retirement System grew its holdings in Allison Transmission by 0.4% in the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock worth $2,733,000 after purchasing an additional 100 shares during the period. Amalgamated Bank increased its stake in Allison Transmission by 1.6% in the fourth 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 in the last quarter. Finally, Quarry LP raised its holdings in shares of Allison Transmission by 46.7% during 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. Institutional investors and hedge funds own 96.90% of the company's stock.
Insider Activity at Allison Transmission
In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts recently commented on the company. StockNews.com lowered Allison Transmission from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Citigroup lowered their target price on Allison Transmission from $115.00 to $108.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Morgan Stanley lifted their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of Allison Transmission from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $101.13.
Read Our Latest Stock Report on ALSN
Allison Transmission Stock Down 4.9 %
Shares of NYSE ALSN traded down $4.47 during trading on Friday, hitting $86.01. The stock had a trading volume of 1,077,492 shares, compared to its average volume of 627,326. 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 fifty day moving average of $102.54 and a two-hundred day moving average of $106.54. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53. The company has a market capitalization of $7.33 billion, a PE ratio of 10.35 and a beta of 0.95.
Allison Transmission (NYSE:ALSN - Get Free Report) last posted 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%. As a group, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.
Allison Transmission declared that its board has approved a stock buyback program on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.
Allison Transmission Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.27 dividend. 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 dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's payout ratio is 13.00%.
Allison Transmission Profile
(
Free Report)
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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