3,176 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,176 shares of the auto parts company's stock, valued at approximately $343,000.

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P increased its stake in shares of Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after acquiring an additional 1,785,687 shares during the period. Norges Bank purchased a new position in shares of Allison Transmission during the 4th quarter valued at about $108,916,000. Raymond James Financial Inc. acquired a new position in shares of Allison Transmission in the 4th quarter valued at about $41,081,000. Charles Schwab Investment Management Inc. grew its holdings in Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock worth $87,896,000 after acquiring an additional 233,214 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in Allison Transmission by 88.3% in the third quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company's stock valued at $19,310,000 after acquiring an additional 94,229 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Buying and Selling at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of the firm'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 transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

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Allison Transmission Trading Up 1.2 %

Shares of Allison Transmission stock traded up $1.13 on Tuesday, reaching $96.80. The company had a trading volume of 261,116 shares, compared to its average volume of 621,200. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The firm's 50 day moving average price is $104.69 and its two-hundred day moving average price is $106.52. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The firm has a market cap of $8.28 billion, a PE ratio of 11.65 and a beta of 1.02.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS 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%. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its board has approved a stock repurchase plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to reacquire 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 shares are undervalued.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Monday, March 3rd. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio (DPR) is 13.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup cut their target price on shares of Allison Transmission from $115.00 to $108.00 and set a "neutral" rating for the company in a report on Monday. Morgan Stanley upped their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut their price target on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group increased their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Finally, StockNews.com lowered Allison Transmission from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two 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 $101.13.

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.