State of Wyoming Acquires 2,098 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

State of Wyoming lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 64.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,331 shares of the auto parts company’s stock after acquiring an additional 2,098 shares during the quarter. State of Wyoming’s holdings in Allison Transmission were worth $576,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in Allison Transmission in the 4th quarter valued at $25,000. SRH Advisors LLC bought a new stake in Allison Transmission in the 4th quarter valued at $26,000. Kestra Investment Management LLC bought a new stake in Allison Transmission in the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission in the 4th quarter valued at $31,000. Finally, Proficio Capital Partners LLC acquired a new position in Allison Transmission in the 4th quarter valued at $42,000. 96.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Allison Transmission Price Performance

Allison Transmission stock opened at $106.29 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The stock has a market capitalization of $8.96 billion, a P/E ratio of 12.79 and a beta of 0.97. The stock has a fifty day moving average of $94.52 and a 200-day moving average of $105.54.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 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 company had revenue of $766.00 million during the quarter, compared to analysts’ expectations of $792.18 million. During the same quarter in the previous year, the firm earned $1.90 EPS. Allison Transmission’s revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

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

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.02%. Allison Transmission’s payout ratio is presently 12.50%.

Analyst Upgrades and Downgrades

ALSN has been the subject of several analyst reports. Citigroup dropped their price objective on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price objective 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 raised Allison Transmission from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Robert W. Baird dropped their price objective on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Finally, Raymond James dropped their price objective on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.63.

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.