Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Holdings Lifted by Prudential PLC

Prudential PLC grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 271.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,905 shares of the auto parts company's stock after buying an additional 15,283 shares during the period. Prudential PLC's holdings in Allison Transmission were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Hilltop Holdings Inc. bought a new stake in shares of Allison Transmission during the 3rd quarter worth approximately $288,000. HighTower Advisors LLC purchased a new position in Allison Transmission during the 3rd quarter worth $270,000. Janus Henderson Group PLC lifted its holdings in shares of Allison Transmission by 19.3% during the third quarter. Janus Henderson Group PLC now owns 73,648 shares of the auto parts company's stock worth $7,075,000 after purchasing an additional 11,931 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Allison Transmission in the 3rd quarter valued at $329,000. Finally, Quarry LP lifted its holdings 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 valued at $34,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Trading Down 1.7 %

ALSN stock traded down $1.53 on Friday, hitting $87.10. 241,350 shares of the company were exchanged, compared to its average volume of 636,127. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 10.49 and a beta of 0.95. The business's fifty day moving average is $99.10 and its two-hundred day moving average is $106.28. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53.

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Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping 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 forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.24%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's dividend payout ratio is 13.00%.

Allison Transmission announced that its board has initiated a share repurchase program 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 programs are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ALSN shares. Citigroup reduced their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a report on Friday. Morgan Stanley lifted their target price 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. StockNews.com cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Allison Transmission currently has an average rating of "Hold" and an average target price of $98.00.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares in the company, valued at $1,466,938.04. The trade was a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction on Thursday, March 6th. The shares were 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 owns 14,138 shares of the company's stock, valued at $1,360,075.60. The trade was 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

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.