Fuller & Thaler Asset Management Inc. Buys 76,840 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Fuller & Thaler Asset Management Inc. increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,652,996 shares of the auto parts company's stock after acquiring an additional 76,840 shares during the quarter. Allison Transmission comprises about 1.1% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 11th largest holding. Fuller & Thaler Asset Management Inc. owned approximately 3.06% of Allison Transmission worth $286,683,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ALSN. Loomis Sayles & Co. L P raised 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 acquiring an additional 1,785,687 shares in the last quarter. Norges Bank bought a new position in Allison Transmission during the fourth quarter valued at $108,916,000. Raymond James Financial Inc. bought a new position in Allison Transmission during the fourth quarter valued at $41,081,000. FMR LLC grew its stake in shares of Allison Transmission by 1.9% in the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Allison Transmission by 177.7% in the 4th quarter. Alliancebernstein L.P. now owns 144,951 shares of the auto parts company's stock worth $15,663,000 after buying an additional 92,754 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. This 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 corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Raymond James lowered their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their target price on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. StockNews.com lowered Allison Transmission from a "buy" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Robert W. Baird reduced their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Allison Transmission currently has an average rating of "Hold" and an average price target of $97.88.

Allison Transmission Stock Up 2.8 %

NYSE:ALSN opened at $88.21 on Wednesday. The stock has a fifty day simple moving average of $95.42 and a 200-day simple moving average of $105.82. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 10.61 and a beta of 0.95. 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 released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission announced that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.27 per share. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, March 3rd. Allison Transmission's dividend payout ratio (DPR) is presently 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.

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