Ieq Capital LLC Has $941,000 Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Ieq Capital LLC lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 108.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,706 shares of the auto parts company's stock after purchasing an additional 4,529 shares during the quarter. Ieq Capital LLC's holdings in Allison Transmission were worth $941,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ALSN. FMR LLC grew its holdings in shares of Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock worth $1,224,479,000 after buying an additional 2,493,310 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Allison Transmission during the third quarter worth about $52,156,000. Loomis Sayles & Co. L P grew its holdings in shares of Allison Transmission by 252.5% during the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company's stock worth $56,974,000 after buying an additional 424,813 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 buying an additional 233,214 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Allison Transmission by 86.7% in the third quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company's stock valued at $23,551,000 after purchasing an additional 113,868 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research note on Thursday, December 12th. Citigroup decreased their price target 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. StockNews.com downgraded Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley raised 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. 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $100.75.

Allison Transmission Stock Performance

Shares of ALSN traded up $1.33 during mid-day trading on Friday, reaching $101.79. The company's stock had a trading volume of 1,043,693 shares, compared to its average volume of 640,120. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The stock has a market cap of $8.70 billion, a P/E ratio of 12.25 and a beta of 1.00. The business has a 50-day simple moving average of $110.50 and a two-hundred day simple moving average of $104.89. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45.

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 analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.27 per share. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, March 3rd. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

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

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on 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. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

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.