Headlands Technologies LLC Boosts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Headlands Technologies LLC boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 237.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,110 shares of the auto parts company’s stock after purchasing an additional 781 shares during the quarter. Headlands Technologies LLC’s holdings in Allison Transmission were worth $65,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. grew its position in shares of Allison Transmission by 62.5% in the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after acquiring an additional 307,322 shares in the last quarter. Invesco Ltd. grew its position in shares of Allison Transmission by 17.8% in the 3rd quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock worth $87,264,000 after acquiring an additional 222,863 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Allison Transmission by 104.0% in the 3rd quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company’s stock worth $12,827,000 after acquiring an additional 110,722 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Allison Transmission in the 3rd quarter worth approximately $6,332,000. Finally, ClariVest Asset Management LLC grew its position in shares of Allison Transmission by 402,208.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 96,554 shares of the auto parts company’s stock worth $5,702,000 after acquiring an additional 96,530 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALSN. Oppenheimer boosted their price objective on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. The Goldman Sachs Group boosted their price objective on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Finally, Morgan Stanley began coverage on Allison Transmission in a research report on Monday, January 8th. They set an “equal weight” rating and a $62.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.71.

Allison Transmission Stock Down 3.3 %

Shares of Allison Transmission stock opened at $73.55 on Wednesday. The business’s fifty day moving average price is $77.99 and its two-hundred day moving average price is $64.62. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94. The company has a market capitalization of $6.44 billion, a P/E ratio of 9.82, a PEG ratio of 1.38 and a beta of 1.03. Allison Transmission Holdings, Inc. has a 1-year low of $45.36 and a 1-year high of $83.42.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a return on equity of 58.05% and a net margin of 21.80%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.85 EPS. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 7.71 EPS for the current year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a yield of 1.36%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s payout ratio is presently 13.35%.

Insider Buying and Selling at Allison Transmission

In other news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was 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 owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was 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 owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Niekerk Teresa Van sold 6,241 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $74.87, for a total value of $467,263.67. Following the completion of the sale, the vice president now directly owns 21,112 shares in the company, valued at approximately $1,580,655.44. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock valued at $6,244,562 in the last quarter. Corporate insiders own 0.93% of the company’s stock.

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.