Y Intercept Hong Kong Ltd Makes New Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,657 shares of the auto parts company's stock, valued at approximately $2,016,000.

A number of other hedge funds have also recently modified their holdings of ALSN. FMR LLC raised its stake in Allison Transmission by 24.3% during the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock worth $1,224,479,000 after acquiring an additional 2,493,310 shares during the period. Jennison Associates LLC bought a new stake in shares of Allison Transmission during the 3rd quarter valued at $52,156,000. Loomis Sayles & Co. L P lifted its stake in shares of Allison Transmission by 252.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company's stock valued at $56,974,000 after buying an additional 424,813 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 233,214 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Allison Transmission by 86.7% in the 3rd quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company's stock worth $23,551,000 after buying an additional 113,868 shares during the period. Institutional investors own 96.90% of the company's stock.

Allison Transmission Price Performance

Shares of ALSN stock traded up $1.33 on Friday, reaching $101.79. The company's stock had a trading volume of 1,043,693 shares, compared to its average volume of 640,120. The stock's fifty day simple moving average is $110.65 and its 200-day simple moving average is $104.76. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 12.25 and a beta of 1.00. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS 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%. Analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal 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 given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.06%. Allison Transmission's dividend payout ratio is 13.00%.

Allison Transmission announced that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

ALSN has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 12th. Citigroup lowered their price target on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. StockNews.com lowered shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 13th. Finally, Morgan Stanley boosted their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a report 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $100.75.

Insider Activity

In other 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 value of $216,800.00. Following the completion of the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

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.