BI Asset Management Fondsmaeglerselskab A S Makes New Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,214 shares of the auto parts company’s stock, valued at approximately $1,320,000.

Several other large investors have also made changes to their positions in ALSN. SRH Advisors LLC acquired a new stake in Allison Transmission during the 4th quarter worth $26,000. Kestra Investment Management LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allison Transmission in the fourth quarter valued at about $31,000. SJS Investment Consulting Inc. lifted its stake in Allison Transmission by 1,650.0% in the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after buying an additional 396 shares during the period. Finally, Whittier Trust Co. bought a new position in Allison Transmission during the fourth quarter worth about $61,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

ALSN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Morgan Stanley cut their target price on shares of Allison Transmission from $112.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Citigroup reduced their price target on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird lowered their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Finally, Raymond James reduced their target price on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and an average target price of $97.88.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $88.21 on Wednesday. The company has a fifty day moving average price of $95.42 and a 200 day moving average price of $105.82. The firm has a market cap of $7.52 billion, a PE ratio of 10.61 and a beta of 0.95. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN) last posted 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 return on equity of 47.95% and a net margin of 22.67%. Research analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Allison Transmission announced that its board has initiated a stock buyback program on Thursday, February 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 1,788 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was 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 in the company, valued at $1,466,938.04. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.