Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Twin Tree Management LP

Twin Tree Management LP grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 87.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,437 shares of the auto parts company's stock after buying an additional 3,946 shares during the quarter. Twin Tree Management LP's holdings in Allison Transmission were worth $912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings 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 buying an additional 2,493,310 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Allison Transmission during the 3rd quarter valued at approximately $52,156,000. Loomis Sayles & Co. L P lifted its holdings in shares of Allison Transmission by 252.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company's stock worth $56,974,000 after acquiring an additional 424,813 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Allison Transmission in the fourth quarter worth about $41,081,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Allison Transmission by 34.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock valued at $87,896,000 after acquiring an additional 233,214 shares during the period. Institutional investors own 96.90% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have commented on ALSN. Citigroup dropped their target price on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. StockNews.com downgraded Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Morgan Stanley raised their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $102.00.

Insider Activity

In related news, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company'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 owns 6,420 shares of the company's stock, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Performance

NYSE ALSN traded down $2.52 during trading hours on Friday, reaching $96.38. The stock had a trading volume of 3,525,355 shares, compared to its average volume of 596,436. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The stock has a fifty day moving average of $106.89 and a 200 day moving average of $105.79. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The stock has a market cap of $8.24 billion, a P/E ratio of 11.60 and a beta of 1.02.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS 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%. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current 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 represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

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

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.