Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Fmr LLC

FMR LLC boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,993,015 shares of the auto parts company's stock after purchasing an additional 247,318 shares during the quarter. FMR LLC owned about 15.00% of Allison Transmission worth $1,404,025,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in shares of Allison Transmission by 3.9% during the fourth quarter. Federated Hermes Inc. now owns 956,691 shares of the auto parts company's stock valued at $103,380,000 after buying an additional 36,065 shares during the last quarter. Islay Capital Management LLC grew its stake in Allison Transmission by 9.3% during the fourth quarter. Islay Capital Management LLC now owns 10,813 shares of the auto parts company's stock valued at $1,168,000 after acquiring an additional 922 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Allison Transmission by 13.3% in the 4th quarter. Wells Fargo & Company MN now owns 227,851 shares of the auto parts company's stock worth $24,622,000 after purchasing an additional 26,755 shares in the last quarter. Prudential PLC boosted its holdings in shares of Allison Transmission by 271.8% during the 4th quarter. Prudential PLC now owns 20,905 shares of the auto parts company's stock valued at $2,259,000 after purchasing an additional 15,283 shares during the last quarter. Finally, Columbia Asset Management purchased a new position in shares of Allison Transmission during the fourth quarter valued at about $489,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

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Allison Transmission Trading Up 0.0 %

Shares of Allison Transmission stock traded up $0.02 during trading on Friday, hitting $88.65. The stock had a trading volume of 840,769 shares, compared to its average volume of 639,068. The firm's fifty day simple moving average is $98.58 and its 200-day simple moving average is $106.25. The stock has a market cap of $7.55 billion, a PE ratio of 10.67 and a beta of 0.95. 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 Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data 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%. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.27 dividend. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

Allison Transmission announced that its board has approved a share 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 purchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALSN. JPMorgan Chase & Co. decreased their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday. Morgan Stanley increased their target price 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. StockNews.com upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Citigroup lowered their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $98.00.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. The trade was a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated 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 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 disclosure for this sale can be found here. 1.10% of the stock is currently owned by company 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.