Williamson Legacy Group LLC Acquires New Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Williamson Legacy Group LLC acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,352 shares of the auto parts company’s stock, valued at approximately $362,000.

Several other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. grew its position in Allison Transmission by 3.1% during the 4th quarter. QRG Capital Management Inc. now owns 4,751 shares of the auto parts company’s stock valued at $513,000 after purchasing an additional 144 shares during the last quarter. Versor Investments LP grew its position in Allison Transmission by 60.7% during the 4th quarter. Versor Investments LP now owns 8,205 shares of the auto parts company’s stock valued at $887,000 after purchasing an additional 3,100 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Allison Transmission during the 4th quarter valued at about $42,000. Oppenheimer & Co. Inc. grew its position in Allison Transmission by 4.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 14,529 shares of the auto parts company’s stock valued at $1,570,000 after purchasing an additional 612 shares during the last quarter. Finally, NewEdge Wealth LLC grew its position in Allison Transmission by 12.2% during the 4th quarter. NewEdge Wealth LLC now owns 478,519 shares of the auto parts company’s stock valued at $51,709,000 after purchasing an additional 51,976 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the transaction, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $101.79 on Friday. The firm’s 50 day moving average price is $110.50 and its 200-day moving average price is $104.89. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. 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 stock has a market capitalization of $8.70 billion, a PE ratio of 12.25 and a beta of 1.00.

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

Allison Transmission declared that its board has authorized a share repurchase plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.27 dividend. The ex-dividend date is Monday, March 3rd. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. Allison Transmission’s dividend payout ratio (DPR) is 13.00%.

Wall Street Analyst Weigh In

ALSN has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Citigroup dropped their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Morgan Stanley raised their price target 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. Finally, StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $100.75.

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.