Harvest Investment Services LLC purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,018 shares of the auto parts company's stock, valued at approximately $650,000.
A number of other large investors also recently bought and sold shares of the stock. Stifel Financial Corp increased its holdings in shares of Allison Transmission by 7.5% during the 4th quarter. Stifel Financial Corp now owns 27,592 shares of the auto parts company's stock valued at $2,982,000 after purchasing an additional 1,920 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Allison Transmission by 549.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,402 shares of the auto parts company's stock valued at $152,000 after buying an additional 1,186 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Allison Transmission by 30.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,309 shares of the auto parts company's stock worth $682,000 after acquiring an additional 1,456 shares during the period. Transce3nd LLC purchased a new stake in shares of Allison Transmission during the 4th quarter worth about $25,000. Finally, MML Investors Services LLC grew its position in shares of Allison Transmission by 15.7% during the 4th quarter. MML Investors Services LLC now owns 17,467 shares of the auto parts company's stock valued at $1,888,000 after acquiring an additional 2,367 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Allison Transmission
In other news, SVP John Coll sold 1,788 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. The trade was a 10.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the firm'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 transaction, the vice president now directly owns 14,138 shares of the company's stock, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Raymond James lowered their price target on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Citigroup cut their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. StockNews.com downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Saturday. Robert W. Baird cut their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Morgan Stanley decreased their price target on shares of Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $97.88.
Check Out Our Latest Analysis on ALSN
Allison Transmission Stock Performance
Shares of Allison Transmission stock opened at $88.21 on Wednesday. The firm has a market cap of $7.52 billion, a PE ratio of 10.61 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The business's fifty day simple moving average is $95.42 and its 200-day simple moving average is $105.82. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45.
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 for the quarter, beating analysts' consensus estimates 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 forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.
Allison Transmission declared that its board has approved a stock buyback 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 a sign that the company's management believes its stock is undervalued.
Allison Transmission Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's dividend payout ratio is 13.00%.
About Allison Transmission
(
Free Report)
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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