Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,600 shares of the auto parts company's stock after purchasing an additional 5,100 shares during the quarter. Canada Pension Plan Investment Board owned 0.07% of Allison Transmission worth $6,981,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. SRH Advisors LLC purchased a new stake in shares of Allison Transmission in the 4th quarter valued at approximately $26,000. World Investment Advisors LLC purchased a new position in shares of Allison Transmission during the third quarter worth approximately $29,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission in the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allison Transmission in the fourth quarter valued at about $31,000. Finally, Proficio Capital Partners LLC acquired a new position in Allison Transmission in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ALSN. Robert W. Baird lowered their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Citigroup reduced their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Raymond James dropped their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Morgan Stanley reduced their target price on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, StockNews.com cut Allison Transmission from a "buy" rating to a "hold" rating in a report on Saturday, April 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Allison Transmission presently has an average rating of "Hold" and a consensus price target of $97.88.

Allison Transmission Trading Down 0.8 %

ALSN stock traded down $0.70 on Friday, hitting $91.69. 790,915 shares of the company were exchanged, compared to its average volume of 642,990. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 11.03 and a beta of 0.95. The business's fifty day moving average is $94.86 and its two-hundred day moving average is $105.66. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly 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%. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.18%. The ex-dividend date was Monday, March 3rd. Allison Transmission's payout ratio is currently 13.00%.

Allison Transmission declared that its Board of Directors has initiated a share buyback plan 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 repurchase up to 57.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, SVP John Coll sold 1,788 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. The trade was a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction on 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 approximately $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. Insiders own 1.20% 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.