Allison Transmission Holdings, Inc. (NYSE:ALSN) Holdings Boosted by AdvisorShares Investments LLC

AdvisorShares Investments LLC grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1,251.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,652 shares of the auto parts company’s stock after purchasing an additional 64,500 shares during the period. Allison Transmission makes up about 1.5% of AdvisorShares Investments LLC’s holdings, making the stock its 7th largest holding. AdvisorShares Investments LLC owned approximately 0.08% of Allison Transmission worth $7,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new stake in Allison Transmission during the 4th quarter worth approximately $4,099,000. Two Sigma Securities LLC acquired a new position in Allison Transmission in the 4th quarter valued at about $288,000. Voya Investment Management LLC lifted its holdings in shares of Allison Transmission by 5.6% during the fourth quarter. Voya Investment Management LLC now owns 131,095 shares of the auto parts company’s stock worth $14,166,000 after purchasing an additional 6,950 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Allison Transmission by 82.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 6,251 shares of the auto parts company’s stock worth $675,000 after purchasing an additional 2,831 shares in the last quarter. Finally, Coppell Advisory Solutions LLC increased its stake in Allison Transmission by 179.9% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,598 shares of the auto parts company’s stock valued at $173,000 after purchasing an additional 1,027 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on ALSN. StockNews.com cut Allison Transmission from a “buy” rating to a “hold” rating in a report on Saturday, April 19th. Raymond James reduced their price target on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Morgan Stanley cut their price objective on Allison Transmission from $112.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. 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, Citigroup reduced their price objective on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $97.88.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares of the company’s stock, valued at $1,466,938.04. This represents a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Trading Up 0.4 %

Shares of NYSE ALSN opened at $92.15 on Tuesday. The business has a fifty day simple moving average of $94.38 and a 200-day simple moving average of $105.66. 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 has a market cap of $7.85 billion, a price-to-earnings ratio of 11.09 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53.

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

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.27 dividend. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Allison Transmission declared that its Board of Directors has initiated a stock repurchase plan 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 reacquire up to 57.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Allison Transmission Company 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.