Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Position Increased by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 19.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 183,424 shares of the auto parts company’s stock after acquiring an additional 29,373 shares during the quarter. Natixis Advisors LLC owned approximately 0.21% of Allison Transmission worth $19,821,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ALSN. Smith Group Asset Management LLC acquired a new stake in shares of Allison Transmission in the fourth quarter worth about $2,161,000. Allspring Global Investments Holdings LLC raised its holdings in Allison Transmission by 18.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company’s stock valued at $31,643,000 after acquiring an additional 46,435 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Allison Transmission by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock worth $9,333,000 after buying an additional 4,261 shares in the last quarter. Convergence Investment Partners LLC raised its holdings in shares of Allison Transmission by 115.6% in the 4th quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company’s stock worth $1,507,000 after buying an additional 7,479 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Allison Transmission by 46.8% during the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after purchasing an additional 79,745 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Up 0.4 %

NYSE:ALSN opened at $97.67 on Wednesday. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. 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 firm has a market capitalization of $8.35 billion, a P/E ratio of 11.75 and a beta of 1.02. The stock’s fifty day simple moving average is $107.59 and its 200-day simple moving average is $105.86.

Allison Transmission (NYSE:ALSN) last posted 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 return on equity of 47.95% and a net margin of 22.67%. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The business 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. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Allison Transmission declared that its board has authorized a stock buyback program on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ALSN shares. Citigroup dropped their price target on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday. The Goldman Sachs Group lifted their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley lifted their target price on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $102.00.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the transaction, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This 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 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.