16,495 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Bought by Sheets Smith Investment Management

Sheets Smith Investment Management bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,495 shares of the auto parts company's stock, valued at approximately $1,782,000. Allison Transmission comprises about 1.5% of Sheets Smith Investment Management's portfolio, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALSN. FMR LLC lifted its stake in shares of Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock worth $1,224,479,000 after acquiring an additional 2,493,310 shares during the period. Geode Capital Management LLC lifted its position in shares of Allison Transmission by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company's stock worth $188,511,000 after purchasing an additional 79,506 shares during the period. State Street Corp boosted its stake in shares of Allison Transmission by 0.8% in the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock valued at $161,597,000 after purchasing an additional 13,252 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Allison Transmission by 7.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after buying an additional 69,008 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock valued at $87,896,000 after buying an additional 233,214 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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Allison Transmission Stock Down 0.1 %

ALSN traded down $0.08 during trading on Tuesday, hitting $100.22. 694,660 shares of the company's stock were exchanged, compared to its average volume of 599,433. The stock has a market cap of $8.57 billion, a P/E ratio of 12.06 and a beta of 1.02. The business's 50 day moving average is $106.65 and its two-hundred day moving average is $106.11. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45.

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, topping analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.08%. Allison Transmission's dividend payout ratio (DPR) is 13.00%.

Allison Transmission declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALSN. Citigroup cut their target price on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group increased their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. Morgan Stanley boosted 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. StockNews.com lowered shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Two 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $102.00.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the business's stock in a transaction dated 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 $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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.