Columbia Asset Management Takes $489,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Columbia Asset Management purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,525 shares of the auto parts company's stock, valued at approximately $489,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Loomis Sayles & Co. L P increased its holdings in shares of Allison Transmission by 301.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after buying an additional 1,785,687 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company's stock worth $188,511,000 after purchasing an additional 79,506 shares during the period. State Street Corp increased its position in shares of Allison Transmission by 0.8% during the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock worth $161,597,000 after purchasing an additional 13,252 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Allison Transmission by 7.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after purchasing an additional 69,008 shares during the last quarter. Finally, Norges Bank purchased a new stake in Allison Transmission in the 4th quarter valued at about $108,916,000. Institutional investors and hedge funds own 96.90% of the company's stock.

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Allison Transmission Stock Down 4.9 %

Allison Transmission stock traded down $4.47 during midday trading on Friday, reaching $86.01. The company's stock had a trading volume of 1,077,492 shares, compared to its average volume of 627,326. The business has a 50-day simple moving average of $102.54 and a 200-day simple moving average of $106.54. The company has a market cap of $7.33 billion, a P/E ratio of 10.35 and a beta of 0.95. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping 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%. On average, research analysts expect 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 paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, March 3rd. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio is currently 13.00%.

Allison Transmission declared that its board has authorized a share repurchase plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ALSN. 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. The Goldman Sachs Group boosted 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. StockNews.com lowered Allison Transmission from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Citigroup reduced their price target on shares of Allison Transmission from $115.00 to $108.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $101.13.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now directly owns 15,388 shares of the company's stock, valued at $1,466,938.04. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Allison Transmission Company 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.