JPMorgan Chase & Co. cut its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 355,099 shares of the auto parts company's stock after selling 11,741 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.41% of Allison Transmission worth $38,372,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Allison Transmission by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company's stock valued at $188,511,000 after purchasing an additional 79,506 shares during the period. State Street Corp increased its holdings in Allison Transmission by 0.8% in the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock valued at $161,597,000 after purchasing an additional 13,252 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Allison Transmission by 7.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock valued at $114,690,000 after buying an additional 69,008 shares during the period. NewEdge Wealth LLC boosted its holdings in Allison Transmission by 12.2% during the fourth quarter. NewEdge Wealth LLC now owns 478,519 shares of the auto parts company's stock worth $51,709,000 after buying an additional 51,976 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Allison Transmission during the 4th quarter worth about $41,081,000. 96.90% of the stock is owned by institutional investors.
Allison Transmission Stock Up 0.0 %
Shares of Allison Transmission stock traded up $0.02 during trading on Friday, reaching $88.65. The stock had a trading volume of 840,769 shares, compared to its average volume of 639,067. 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 capitalization of $7.55 billion, a price-to-earnings ratio of 10.67 and a beta of 0.95. The stock has a fifty day moving average price of $98.58 and a two-hundred day moving average price of $106.25. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53.
Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Sell-side analysts predict 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. Investors of record on Monday, March 3rd were given a $0.27 dividend. The ex-dividend date was Monday, March 3rd. 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. Allison Transmission's dividend payout ratio (DPR) is 13.00%.
Allison Transmission declared that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ALSN. Morgan Stanley lifted their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered 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 report on Friday. StockNews.com upgraded Allison Transmission from a "hold" rating to a "buy" rating in a report on Friday. Finally, Citigroup lowered their price target on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $98.00.
Read Our Latest Stock Report on ALSN
Insider Buying and Selling at Allison Transmission
In other Allison Transmission news, SVP John Coll sold 1,788 shares of the firm'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 value of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction that occurred 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 in the company, 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. Company insiders own 1.10% of the company's stock.
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.
Further Reading
Before you consider Allison Transmission, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allison Transmission wasn't on the list.
While Allison Transmission currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
