Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 24.9% in the fourth quarter, Holdings Channel reports. The fund owned 139,326 shares of the auto parts company’s stock after purchasing an additional 27,776 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Allison Transmission were worth $15,056,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Loomis Sayles & Co. L P raised its stake in Allison Transmission by 301.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company’s stock worth $257,046,000 after purchasing an additional 1,785,687 shares during the period. Norges Bank purchased a new stake in shares of Allison Transmission during the 4th quarter valued at approximately $108,916,000. Raymond James Financial Inc. acquired a new position in Allison Transmission in the fourth quarter valued at approximately $41,081,000. FMR LLC grew its position in Allison Transmission by 1.9% in the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company’s stock worth $1,404,025,000 after acquiring an additional 247,318 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Allison Transmission by 177.7% during the fourth quarter. Alliancebernstein L.P. now owns 144,951 shares of the auto parts company’s stock worth $15,663,000 after acquiring an additional 92,754 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN opened at $92.46 on Wednesday. The stock has a 50-day simple moving average of $94.18 and a 200-day simple moving average of $105.57. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The stock has a market capitalization of $7.88 billion, a PE ratio of 11.13 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

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

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup decreased their price target on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Saturday, April 19th. Raymond James decreased their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Allison Transmission from $112.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. decreased their price target on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $97.88.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares in the company, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction dated Thursday, March 6th. The stock was 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 of the company’s stock, valued at $1,360,075.60. This trade represents a 24.33 % 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 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.