KLP Kapitalforvaltning AS Purchases Shares of 25,600 Allison Transmission Holdings, Inc. (NYSE:ALSN)

KLP Kapitalforvaltning AS acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,600 shares of the auto parts company's stock, valued at approximately $2,766,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SRH Advisors LLC acquired a new position in Allison Transmission in the fourth quarter valued at $26,000. World Investment Advisors LLC purchased a new stake in Allison Transmission in the 3rd quarter valued at about $29,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission during the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission during the 4th quarter worth about $31,000. Finally, Quarry LP boosted its position in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Buying and Selling at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 2,000 shares of the firm's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares in the company, valued at $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their target price on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. StockNews.com lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Thursday. The Goldman Sachs Group boosted their price objective 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. Finally, Citigroup cut their target price on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $102.00.

Allison Transmission Stock Down 3.1 %

Shares of ALSN stock traded down $3.03 on Friday, hitting $96.01. The stock had a trading volume of 641,190 shares, compared to its average volume of 620,505. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 11.55 and a beta of 1.02. 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 stock's 50 day moving average is $105.16 and its 200-day moving average is $106.45.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share 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%. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

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

Allison Transmission Increases Dividend

The firm 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. The ex-dividend date of this dividend was Monday, March 3rd. 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 1.12%. Allison Transmission's payout ratio is currently 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.