Versor Investments LP Increases Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Versor Investments LP lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 60.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,205 shares of the auto parts company's stock after purchasing an additional 3,100 shares during the quarter. Versor Investments LP's holdings in Allison Transmission were worth $887,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smith Group Asset Management LLC bought a new position in Allison Transmission in the 4th quarter worth about $2,161,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Allison Transmission by 18.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock worth $31,643,000 after purchasing an additional 46,435 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Allison Transmission by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company's stock worth $9,333,000 after purchasing an additional 4,261 shares during the last quarter. Convergence Investment Partners LLC raised its stake in Allison Transmission by 115.6% in the fourth quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company's stock valued at $1,507,000 after purchasing an additional 7,479 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in Allison Transmission in the 3rd quarter worth approximately $947,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

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Insider Activity

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. This trade represents 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 accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ALSN shares. StockNews.com cut Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley increased their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. The Goldman Sachs Group boosted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Finally, Citigroup decreased 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Allison Transmission currently has an average rating of "Hold" and an average target price of $100.75.

Allison Transmission Trading Down 3.0 %

Shares of NYSE ALSN traded down $3.06 during midday trading on Monday, hitting $98.42. 619,066 shares of the company traded hands, compared to its average volume of 638,813. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The firm has a market cap of $8.42 billion, a P/E ratio of 11.84 and a beta of 1.00. The stock has a 50-day moving average price of $110.50 and a 200 day moving average price of $105.18. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

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 return on equity of 47.95% and a net margin of 22.67%. As a group, analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission announced that its board has approved a stock buyback program on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in outstanding 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 management believes its stock is undervalued.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.27 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.10%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio (DPR) is currently 13.00%.

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.