Cerity Partners LLC Acquires 26,244 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cerity Partners LLC raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 313.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,613 shares of the auto parts company’s stock after buying an additional 26,244 shares during the period. Cerity Partners LLC’s holdings in Allison Transmission were worth $2,013,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Allison Transmission by 0.3% in the third quarter. Vanguard Group Inc. now owns 11,928,508 shares of the auto parts company’s stock worth $402,707,000 after buying an additional 39,841 shares during the period. BlackRock Inc. increased its position in shares of Allison Transmission by 0.5% in the first quarter. BlackRock Inc. now owns 4,116,493 shares of the auto parts company’s stock valued at $186,230,000 after acquiring an additional 21,742 shares during the period. Renaissance Technologies LLC raised its stake in shares of Allison Transmission by 1.1% during the first quarter. Renaissance Technologies LLC now owns 3,517,819 shares of the auto parts company’s stock valued at $159,146,000 after acquiring an additional 38,500 shares during the last quarter. London Co. of Virginia boosted its holdings in shares of Allison Transmission by 1.1% during the third quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company’s stock worth $142,576,000 after purchasing an additional 26,316 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Allison Transmission by 18.9% during the fourth quarter. AQR Capital Management LLC now owns 2,244,170 shares of the auto parts company’s stock worth $92,639,000 after purchasing an additional 357,322 shares during the period. 96.90% of the stock is owned by institutional investors.

Allison Transmission Trading Down 1.3 %

NYSE:ALSN opened at $78.38 on Friday. Allison Transmission Holdings, Inc. has a one year low of $44.68 and a one year high of $83.42. The company’s 50-day simple moving average is $76.69 and its 200 day simple moving average is $63.65. The firm has a market capitalization of $6.87 billion, a P/E ratio of 10.53, a PEG ratio of 1.47 and a beta of 1.03. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.49. The company had revenue of $775.00 million for the quarter, compared to the consensus estimate of $744.00 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 EPS. As a group, analysts forecast that Allison Transmission Holdings, Inc. will post 7.76 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s payout ratio is currently 13.44%.

Wall Street Analyst Weigh In

ALSN has been the subject of a number of recent analyst reports. Morgan Stanley assumed coverage on Allison Transmission in a research report on Monday, January 8th. They set an “equal weight” rating and a $62.00 price target for the company. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Oppenheimer boosted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Finally, Robert W. Baird lifted their price objective on Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and a consensus price target of $65.88.

Insider Buying and Selling

In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at approximately $8,855,053.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the transaction, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at $8,855,053.03. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock worth $6,244,562 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.