Kendall Capital Management Acquires 4,620 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Kendall Capital Management increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 87.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,930 shares of the auto parts company's stock after acquiring an additional 4,620 shares during the quarter. Kendall Capital Management's holdings in Allison Transmission were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. US Bancorp DE raised its stake in Allison Transmission by 14.3% during the third quarter. US Bancorp DE now owns 8,621 shares of the auto parts company's stock valued at $828,000 after buying an additional 1,079 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Allison Transmission by 7.6% in the 3rd quarter. QRG Capital Management Inc. now owns 4,607 shares of the auto parts company's stock worth $443,000 after purchasing an additional 326 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in Allison Transmission in the 3rd quarter worth about $281,000. Capital Performance Advisors LLP purchased a new stake in Allison Transmission during the 3rd quarter valued at about $82,000. Finally, CWA Asset Management Group LLC bought a new stake in Allison Transmission during the 3rd quarter valued at about $947,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALSN has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. StockNews.com cut Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. Citigroup reduced their target price on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, Morgan Stanley boosted their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $100.75.

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Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the business's 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 transaction, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded down $0.62 during midday trading on Wednesday, hitting $96.61. 702,194 shares of the stock traded hands, compared to its average volume of 662,136. The firm has a market capitalization of $8.26 billion, a P/E ratio of 11.63 and a beta of 1.02. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The firm has a 50-day moving average of $108.87 and a two-hundred day moving average of $105.66.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results 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 return on equity of 47.95% and a net margin of 22.67%. On average, equities analysts forecast 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 will be paid on Friday, March 14th. Shareholders 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 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Monday, March 3rd. Allison Transmission's dividend payout ratio is currently 13.00%.

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

About Allison Transmission

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.