Victory Capital Management Inc. Increases Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Victory Capital Management Inc. grew its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 297,113 shares of the auto parts company’s stock after buying an additional 51,965 shares during the quarter. Victory Capital Management Inc. owned 0.34% of Allison Transmission worth $32,106,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of Allison Transmission by 298.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the auto parts company’s stock valued at $203,000 after purchasing an additional 1,408 shares in the last quarter. Williamson Legacy Group LLC purchased a new position in shares of Allison Transmission in the 4th quarter valued at about $362,000. QRG Capital Management Inc. increased its holdings in shares of Allison Transmission by 3.1% in the 4th quarter. QRG Capital Management Inc. now owns 4,751 shares of the auto parts company’s stock valued at $513,000 after purchasing an additional 144 shares in the last quarter. Versor Investments LP increased its holdings in shares of Allison Transmission by 60.7% in the 4th quarter. Versor Investments LP now owns 8,205 shares of the auto parts company’s stock valued at $887,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Allison Transmission in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Allison Transmission stock opened at $98.12 on Monday. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The stock has a market capitalization of $8.39 billion, a P/E ratio of 11.81 and a beta of 1.02. The firm’s 50-day moving average is $109.32 and its two-hundred day moving average is $105.56. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42.

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

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

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 3rd. 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 1.10%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Citigroup dropped their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $100.75.

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.