5,704 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by Optas LLC

Optas LLC acquired a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,704 shares of the auto parts company’s stock, valued at approximately $558,000.

A number of other large investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Allison Transmission by 9.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,741 shares of the auto parts company’s stock worth $2,422,000 after buying an additional 2,200 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in Allison Transmission by 6.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 24,411 shares of the auto parts company’s stock worth $2,390,000 after buying an additional 1,500 shares in the last quarter. Merit Financial Group LLC raised its stake in Allison Transmission by 15.7% in the fourth quarter. Merit Financial Group LLC now owns 8,500 shares of the auto parts company’s stock worth $832,000 after buying an additional 1,154 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Allison Transmission in the fourth quarter worth approximately $51,000. Finally, Cornerstone Wealth Group LLC bought a new position in Allison Transmission in the fourth quarter worth approximately $212,000. Institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Morgan Stanley upped their price target on Allison Transmission from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $114.13.

Allison Transmission Price Performance

Shares of ALSN opened at $131.45 on Wednesday. The firm has a market capitalization of $10.93 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $132.50. The company’s fifty day moving average price is $119.69 and its 200-day moving average price is $103.30.

Allison Transmission Increases Dividend

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

Insider Buying and Selling at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction 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. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

About Allison Transmission

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.