Schroder Investment Management Group Boosts Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Schroder Investment Management Group lifted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,354 shares of the auto parts company's stock after buying an additional 14,037 shares during the period. Schroder Investment Management Group owned about 0.14% of Allison Transmission worth $13,542,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Loomis Sayles & Co. L P boosted its holdings in Allison Transmission by 301.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after acquiring an additional 1,785,687 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Allison Transmission by 4.2% during the third 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 in the last quarter. State Street Corp boosted its holdings in Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock worth $161,597,000 after purchasing an additional 13,252 shares during the last quarter. Allianz Asset Management GmbH grew its position in Allison Transmission by 7.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after purchasing an additional 69,008 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Allison Transmission in the 4th quarter worth approximately $108,916,000. Institutional investors own 96.90% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent analyst reports. StockNews.com lowered Allison Transmission from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. The Goldman Sachs Group raised their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. Morgan Stanley increased their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Citigroup lowered their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, 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 report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $99.50.

Allison Transmission Price Performance

ALSN traded down $0.85 during trading on Tuesday, reaching $83.82. 1,230,926 shares of the company were exchanged, compared to its average volume of 633,101. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 10.09 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The company's 50-day moving average is $100.63 and its two-hundred day moving average is $106.41.

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 (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%. Research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently disclosed 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 positive change from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.29%. Allison Transmission's payout ratio is presently 13.00%.

Allison Transmission declared that its board has approved a stock 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 purchase up to 57.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the business'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 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. 1.10% of the stock is currently owned by insiders.

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.