Fmr LLC Purchases 247,318 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Fmr LLC increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,993,015 shares of the auto parts company’s stock after purchasing an additional 247,318 shares during the quarter. Fmr LLC owned approximately 0.15% of Allison Transmission worth $1,404,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ALSN. DGS Capital Management LLC grew its position in shares of Allison Transmission by 2.5% in the 4th quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock worth $370,000 after buying an additional 84 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Allison Transmission by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock valued at $1,661,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in Allison Transmission by 0.4% during the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company’s stock valued at $2,733,000 after purchasing an additional 100 shares during the period. Amalgamated Bank lifted its position in shares of Allison Transmission by 1.6% in the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company’s stock worth $690,000 after purchasing an additional 103 shares during the period. Finally, Quarry LP boosted its position in Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 4.9 %

NYSE:ALSN opened at $86.01 on Monday. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 10.35 and a beta of 0.95. 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’s 50 day moving average price is $102.54 and its 200-day moving average price is $106.66. Allison Transmission Holdings, Inc. has a 52 week low of $40.26 and a 52 week high of $122.53.

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

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.26%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is presently 13.00%.

Allison Transmission declared that its Board of Directors has authorized a stock buyback program on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

ALSN has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Morgan Stanley boosted their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their target price on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. StockNews.com cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Citigroup cut their price objective on shares of Allison Transmission from $115.00 to $108.00 and set a “neutral” rating on the stock in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $101.13.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Coll sold 1,788 shares of the company’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 sale, 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 position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

About Allison Transmission

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.