Allison Transmission Holdings, Inc. (NYSE:ALSN) Holdings Raised by Gotham Asset Management LLC

Gotham Asset Management LLC increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,009 shares of the auto parts company’s stock after purchasing an additional 1,465 shares during the quarter. Gotham Asset Management LLC owned approximately 0.09% of Allison Transmission worth $8,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALSN. Barclays PLC increased its position in shares of Allison Transmission by 23.4% in the third quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock worth $5,902,000 after acquiring an additional 11,666 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Allison Transmission by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock worth $1,661,000 after purchasing an additional 100 shares in the last quarter. City State Bank purchased a new stake in shares of Allison Transmission in the fourth quarter worth approximately $76,000. Park Avenue Securities LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth approximately $276,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Allison Transmission during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Activity at Allison Transmission

In related news, 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 transaction 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. This trade represents a 24.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John Coll sold 1,788 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company’s stock, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of research reports. StockNews.com raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Robert W. Baird dropped their target price on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Citigroup reduced their price target on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Raymond James dropped their price objective 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, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average target price of $98.63.

Allison Transmission Stock Performance

ALSN opened at $103.35 on Tuesday. 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’s 50 day moving average price is $93.84 and its two-hundred day moving average price is $105.50. The firm has a market capitalization of $8.71 billion, a P/E ratio of 12.44 and a beta of 0.97. 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 released its earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm had revenue of $766.00 million during the quarter, compared to analysts’ expectations of $792.18 million. During the same period in the prior year, the company earned $1.90 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

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

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 annualized dividend and a yield of 1.04%. Allison Transmission’s dividend payout ratio is 12.50%.

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.