Sheets Smith Investment Management Purchases Shares of 16,495 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sheets Smith Investment Management acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,495 shares of the auto parts company's stock, valued at approximately $1,782,000. Allison Transmission makes up 1.5% of Sheets Smith Investment Management's portfolio, making the stock its 16th biggest position.

Other institutional investors also recently bought and sold shares of the company. SRH Advisors LLC acquired a new stake in Allison Transmission in the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new stake in Allison Transmission in the 4th quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Allison Transmission in the 4th quarter worth approximately $31,000. Quarry LP grew its position in Allison Transmission by 46.7% during 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. Finally, SJS Investment Consulting Inc. increased its stake in Allison Transmission by 1,650.0% during the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock valued at $45,000 after purchasing an additional 396 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

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

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Allison Transmission Stock Performance

NYSE:ALSN traded down $3.03 during trading hours on Friday, reaching $96.01. The company had a trading volume of 641,190 shares, compared to its average volume of 620,505. 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 1-year low of $71.49 and a 1-year high of $122.53. The business's 50 day moving average price is $105.16 and its 200-day moving average price is $106.18. The firm has a market cap of $8.21 billion, a PE ratio of 11.55 and a beta of 1.02.

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, beating 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 EPS for the current year.

Allison Transmission declared that its board has authorized a stock repurchase plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given 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 dividend on an annualized basis and a dividend yield of 1.12%. Allison Transmission's dividend payout ratio (DPR) is 13.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ALSN shares. StockNews.com lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Thursday. Citigroup cut their price objective on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Morgan Stanley raised their price objective on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. The Goldman Sachs Group upped their target price on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced 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 report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of "Hold" and an average price target of $102.00.

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.