Edgestream Partners L.P. Acquires New Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Edgestream Partners L.P. purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,350 shares of the auto parts company's stock, valued at approximately $5,009,000. Edgestream Partners L.P. owned 0.05% of Allison Transmission as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC acquired a new position in shares of Allison Transmission in the fourth quarter valued at $268,000. Inceptionr LLC bought a new stake in Allison Transmission in the 4th quarter valued at $211,000. Raymond James Financial Inc. acquired a new position in shares of Allison Transmission in the 4th quarter valued at $41,081,000. Arizona State Retirement System lifted its holdings in shares of Allison Transmission by 0.4% during the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock worth $2,733,000 after acquiring an additional 100 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Allison Transmission during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business's stock in a transaction dated 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 sale, the senior vice president now directly owns 6,420 shares of the company's stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ALSN. StockNews.com lowered shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. The Goldman Sachs Group increased their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. Morgan Stanley boosted their price target 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. Finally, Citigroup dropped 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $100.75.

Allison Transmission Price Performance

Allison Transmission stock traded down $0.62 on Wednesday, reaching $96.61. The company's stock had a trading volume of 543,209 shares, compared to its average volume of 657,244. The business's fifty day moving average price is $108.87 and its 200 day moving average price is $105.66. 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 company has a market cap of $8.26 billion, a price-to-earnings ratio of 11.63 and a beta of 1.02. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53.

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

Allison Transmission announced that its board has authorized a share buyback 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 purchase up to 57.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. 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.