Williamson Legacy Group LLC Purchases New Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Williamson Legacy Group LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,352 shares of the auto parts company's stock, valued at approximately $362,000.

A number of other large investors have also modified their holdings of the business. 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 purchasing an additional 2,493,310 shares during the period. Jennison Associates LLC acquired a new stake in shares of Allison Transmission during the third quarter worth about $52,156,000. Loomis Sayles & Co. L P lifted its position in shares of Allison Transmission by 252.5% during the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company's stock worth $56,974,000 after purchasing an additional 424,813 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 233,214 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Allison Transmission by 86.7% in the third quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company's stock valued at $23,551,000 after purchasing an additional 113,868 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 13th. Citigroup reduced their price objective on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley boosted their target price 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. Finally, The Goldman Sachs Group upped 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Allison Transmission has an average rating of "Hold" and an average price target of $100.75.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm'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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Up 1.3 %

NYSE:ALSN traded up $1.24 during trading hours on Wednesday, hitting $97.64. The company's stock had a trading volume of 718,194 shares, compared to its average volume of 642,402. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $8.35 billion, a P/E ratio of 11.75 and a beta of 1.00. The stock has a fifty day moving average of $110.05 and a 200-day moving average of $105.34.

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 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%. On average, equities analysts forecast 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 will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.11%. This is a boost 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 has initiated a share repurchase program on Thursday, February 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is 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.