Lingohr Asset Management GmbH Invests $297,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Lingohr Asset Management GmbH bought a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,750 shares of the auto parts company's stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SRH Advisors LLC acquired a new stake in shares of Allison Transmission in the fourth quarter valued at $26,000. World Investment Advisors LLC acquired a new stake in Allison Transmission in the 3rd quarter valued at about $29,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission during the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allison Transmission in the 4th quarter worth approximately $31,000. Finally, Quarry LP grew its stake in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after purchasing an additional 114 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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Allison Transmission Stock Up 3.8 %

Allison Transmission stock traded up $3.69 during mid-day trading on Monday, hitting $100.33. The company's stock had a trading volume of 1,064,007 shares, compared to its average volume of 598,693. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The firm's 50 day moving average is $106.89 and its 200 day moving average is $106.02. The company has a market cap of $8.58 billion, a PE ratio of 12.07 and a beta of 1.02.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. On average, analysts anticipate 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 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 repurchase up to 57.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were 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 dividend yield of 1.08%. The ex-dividend date was Monday, March 3rd. Allison Transmission's payout ratio is currently 13.00%.

Wall Street Analyst Weigh In

ALSN has been the subject of a number of research reports. Morgan Stanley raised their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. StockNews.com lowered Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. 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 report on Wednesday, February 12th. Finally, The Goldman Sachs Group lifted their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $102.00.

Allison Transmission 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.