Vest Financial LLC Purchases 10,824 Shares of Allison Transmission Holdings, Inc. $ALSN

Vest Financial LLC lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 20.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 62,772 shares of the auto parts company’s stock after buying an additional 10,824 shares during the quarter. Vest Financial LLC’s holdings in Allison Transmission were worth $6,145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rossby Financial LCC lifted its position in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after buying an additional 153 shares in the last quarter. True Wealth Design LLC grew its position in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 218 shares in the last quarter. First Horizon Corp purchased a new stake in Allison Transmission during the third quarter valued at approximately $40,000. SJS Investment Consulting Inc. increased its position in shares of Allison Transmission by 4,716.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 578 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 566 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Allison Transmission during the 4th quarter valued at $51,000. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

NYSE ALSN opened at $130.21 on Wednesday. The firm’s fifty day simple moving average is $121.36 and its two-hundred day simple moving average is $105.11. The firm has a market capitalization of $10.82 billion, a P/E ratio of 17.76, a P/E/G ratio of 0.80 and a beta of 0.97. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were issued a $0.29 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, March 9th. Allison Transmission’s dividend payout ratio is currently 15.83%.

Insider Buying and Selling

In other news, insider Eric C. Scroggins sold 1,313 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the sale, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. This represents a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALSN. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. Wells Fargo & Company upped their target price on Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Morgan Stanley boosted their target price on shares of Allison Transmission from $109.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Citigroup boosted their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $114.13.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.