Baader Bank Aktiengesellschaft Makes New Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Baader Bank Aktiengesellschaft purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,008 shares of the auto parts company’s stock, valued at approximately $325,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted 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 valued at $9,333,000 after purchasing an additional 4,261 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in Allison Transmission during the fourth quarter worth about $2,161,000. CWA Asset Management Group LLC bought a new position in shares of Allison Transmission in the third quarter worth about $947,000. Franklin Resources Inc. boosted its stake in shares of Allison Transmission by 46.8% in 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. Finally, Geode Capital Management LLC increased its position in Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after purchasing an additional 79,506 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the sale, the senior vice president now owns 8,420 shares in the company, valued at $991,286.60. The trade was a 19.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,639 shares of company stock valued at $2,683,537. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of research analyst reports. Oppenheimer raised their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Bank of America upped their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target 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, JPMorgan Chase & Co. boosted their price target on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $101.38.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $118.83 on Friday. The stock has a market capitalization of $10.29 billion, a PE ratio of 14.47, a PEG ratio of 1.90 and a beta of 1.00. The business’s 50 day simple moving average is $114.16 and its 200 day simple moving average is $101.54. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission Holdings, Inc. has a one year low of $60.26 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 earnings per share. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s payout ratio is currently 12.18%.

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.