Victory Capital Management Inc. Buys 51,965 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Victory Capital Management Inc. grew its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 297,113 shares of the auto parts company's stock after purchasing an additional 51,965 shares during the quarter. Victory Capital Management Inc. owned about 0.34% of Allison Transmission worth $32,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in Allison Transmission by 24.3% during 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 during the last quarter. Geode Capital Management LLC grew its holdings in Allison Transmission by 4.2% during 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 acquiring an additional 79,506 shares during the period. State Street Corp raised its position 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 worth $161,597,000 after acquiring an additional 13,252 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of 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 valued at $114,690,000 after purchasing an additional 69,008 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of 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 purchasing an additional 233,214 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

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Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the firm'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 transaction, the senior vice president now directly owns 6,420 shares of the company's stock, valued at $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 available at this link. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ALSN shares. The Goldman Sachs Group lifted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. Citigroup lowered their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. 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, Morgan Stanley lifted their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Allison Transmission has an average rating of "Hold" and an average target price of $100.75.

Allison Transmission Stock Down 3.3 %

ALSN traded down $3.19 during trading on Thursday, hitting $93.43. 872,004 shares of the company's stock were exchanged, compared to its average volume of 664,083. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The stock has a market cap of $7.99 billion, a P/E ratio of 11.24 and a beta of 1.02. The business's 50 day moving average is $108.64 and its two-hundred day moving average is $105.60. 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 declared that its Board of Directors has initiated a share repurchase 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 buy up to 57.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, March 3rd. 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%.

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.