FORA Capital LLC Invests $467,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

FORA Capital LLC bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,326 shares of the auto parts company’s stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALSN. Transce3nd LLC purchased a new stake in shares of Allison Transmission during the 4th quarter worth approximately $25,000. SRH Advisors LLC purchased a new stake in Allison Transmission during the fourth quarter valued at $26,000. Kestra Investment Management LLC bought a new position in Allison Transmission during the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission in the 4th quarter worth $31,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Allison Transmission in the 4th quarter worth about $42,000. 96.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Morgan Stanley increased their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday. Robert W. Baird dropped their target price on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Raymond James decreased their price target on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, StockNews.com raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $98.63.

Allison Transmission Price Performance

ALSN opened at $98.78 on Friday. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 11.89 and a beta of 0.97. 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 12-month low of $71.49 and a 12-month high of $122.53. The business’s fifty day simple moving average is $93.72 and its 200-day simple moving average is $105.37.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Allison Transmission’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 annualized dividend and a yield of 1.09%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.50%.

Allison Transmission declared that its Board of Directors has approved a stock buyback plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction on 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 sale, the vice president now directly owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently 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.