Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC raised its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,182 shares of the auto parts company’s stock after buying an additional 102 shares during the quarter. Vident Advisory LLC’s holdings in Allison Transmission were worth $1,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in Allison Transmission by 1.9% during the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company’s stock valued at $1,404,025,000 after buying an additional 247,318 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Allison Transmission by 3.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company’s stock valued at $286,683,000 after buying an additional 76,840 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Allison Transmission by 301.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company’s stock valued at $257,046,000 after buying an additional 1,785,687 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Allison Transmission by 7.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company’s stock valued at $114,690,000 after buying an additional 69,008 shares in the last quarter. Finally, Norges Bank acquired a new stake in Allison Transmission during the fourth quarter valued at approximately $108,916,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Raymond James cut their price objective on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Wall Street Zen raised Allison Transmission from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Citigroup lowered their target price on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Morgan Stanley upped their target price on Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their target price on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.63.

Allison Transmission Stock Down 1.1%

NYSE:ALSN opened at $102.38 on Friday. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The firm has a market capitalization of $8.63 billion, a PE ratio of 12.32 and a beta of 0.97. The stock has a 50 day moving average of $95.34 and a 200-day moving average of $105.46. 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) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same period in the prior year, the company posted $1.90 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Monday, May 19th. Allison Transmission’s dividend payout ratio (DPR) is 12.50%.

Allison Transmission announced that its board has authorized a share repurchase 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 purchase up to 57.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares of the company’s stock, valued at $1,466,938.04. This represents a 10.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ryan A. Milburn sold 3,412 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the sale, the vice president now owns 11,924 shares of the company’s stock, valued at $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,746 shares of company stock valued at $966,854 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission 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.