Catalyst Funds Management Pty Ltd Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Catalyst Funds Management Pty Ltd acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,700 shares of the auto parts company's stock, valued at approximately $940,000.

Several other institutional investors and hedge funds have also modified their holdings of ALSN. Commonwealth Equity Services LLC raised its holdings in Allison Transmission by 15.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 25,776 shares of the auto parts company's stock worth $2,785,000 after purchasing an additional 3,472 shares during the period. Swiss National Bank raised its holdings in Allison Transmission by 0.4% in the 4th quarter. Swiss National Bank now owns 171,400 shares of the auto parts company's stock worth $18,521,000 after purchasing an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Allison Transmission by 9.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,453 shares of the auto parts company's stock worth $2,534,000 after buying an additional 2,022 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Allison Transmission during the 4th quarter worth approximately $2,132,000. Finally, Kendall Capital Management increased its stake in Allison Transmission by 87.0% during the 4th quarter. Kendall Capital Management now owns 9,930 shares of the auto parts company's stock worth $1,073,000 after buying an additional 4,620 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

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Analysts Set New Price Targets

Several research firms have commented on ALSN. The Goldman Sachs Group boosted their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday. Citigroup cut their price objective on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. StockNews.com lowered Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley upped their price target on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $102.00.

Allison Transmission Trading Up 1.7 %

ALSN traded up $1.62 during trading hours on Wednesday, reaching $99.17. The company's stock had a trading volume of 615,798 shares, compared to its average volume of 586,987. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The stock has a market cap of $8.48 billion, a PE ratio of 11.93 and a beta of 1.02. The business's 50-day moving average is $107.59 and its 200-day moving average is $105.86. 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 released its quarterly earnings data 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 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 company also recently declared 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 represents a $1.08 dividend on an annualized basis and a yield of 1.09%. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's dividend payout ratio is 13.00%.

Allison Transmission announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company's stock in a transaction on Tuesday, December 31st. The stock was 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 in the company, valued at $695,928. This 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 the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares in the company, 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. 1.10% of the stock is owned by insiders.

Allison Transmission 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.