Cookson Peirce & Co. Inc. Has $1.20 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cookson Peirce & Co. Inc. increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,094 shares of the auto parts company's stock after acquiring an additional 3,936 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Allison Transmission were worth $1,199,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning grew its stake in Allison Transmission by 7.9% during the 3rd quarter. Creative Planning now owns 5,161 shares of the auto parts company's stock valued at $496,000 after acquiring an additional 380 shares in the last quarter. Private Advisor Group LLC grew its stake in Allison Transmission by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock valued at $382,000 after acquiring an additional 167 shares in the last quarter. US Bancorp DE grew its stake in Allison Transmission by 14.3% during the 3rd quarter. US Bancorp DE now owns 8,621 shares of the auto parts company's stock valued at $828,000 after acquiring an additional 1,079 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Allison Transmission by 1,932.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,265 shares of the auto parts company's stock valued at $506,000 after acquiring an additional 5,006 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Allison Transmission by 24.6% during the 3rd quarter. Van ECK Associates Corp now owns 81,688 shares of the auto parts company's stock valued at $8,013,000 after acquiring an additional 16,110 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, SVP John Coll sold 2,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on ALSN. Morgan Stanley lifted their target price on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. StockNews.com cut Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. The Goldman Sachs Group boosted their price target on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research note on Thursday, December 12th. Finally, Citigroup lowered their price target 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $100.75.

Allison Transmission Stock Performance

ALSN traded up $2.08 on Friday, hitting $98.12. The company had a trading volume of 716,013 shares, compared to its average volume of 653,441. The company's fifty day moving average price is $109.32 and its 200 day moving average price is $105.30. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year 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. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 11.81 and a beta of 1.00.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results 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 return on equity of 47.95% and a net margin of 22.67%. Equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

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

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.27 dividend. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, March 3rd. Allison Transmission's payout ratio is 13.00%.

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.