Susquehanna Fundamental Investments LLC Invests $4.10 Million in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,933 shares of the auto parts company’s stock, valued at approximately $4,099,000.

A number of other large investors also recently bought and sold shares of the business. Transce3nd LLC bought a new stake in shares of Allison Transmission during the fourth quarter worth $25,000. SRH Advisors LLC bought a new stake in Allison Transmission during the 4th quarter valued at about $26,000. Kestra Investment Management LLC purchased a new stake in Allison Transmission in the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allison Transmission in the 4th quarter worth about $31,000. Finally, SJS Investment Consulting Inc. increased its position in shares of Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock worth $45,000 after acquiring an additional 396 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were 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 owns 15,388 shares of the company’s stock, valued at approximately $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Up 0.4 %

Shares of Allison Transmission stock opened at $92.15 on Tuesday. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The company has a market cap of $7.85 billion, a P/E ratio of 11.09 and a beta of 0.95. The firm’s 50 day moving average price is $94.38 and its 200-day moving average price is $105.66. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. On average, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its Board of Directors has approved a share buyback plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.17%. Allison Transmission’s dividend payout ratio (DPR) is 13.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ALSN shares. JPMorgan Chase & Co. lowered their price target on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, April 11th. StockNews.com cut Allison Transmission from a “buy” rating to a “hold” rating in a report on Saturday, April 19th. Citigroup cut their price target on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird lowered their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Finally, Raymond James cut their target price on shares of Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.88.

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.