Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 30.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,821 shares of the auto parts company’s stock after purchasing an additional 899 shares during the period. Concurrent Investment Advisors LLC’s holdings in Allison Transmission were worth $413,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SRH Advisors LLC acquired a new stake in Allison Transmission in the fourth quarter valued at $26,000. Kestra Investment Management LLC acquired a new stake in Allison Transmission in the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Allison Transmission in the fourth quarter valued at $31,000. Quarry LP grew its holdings in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Allison Transmission by 1,650.0% in the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley increased their price objective 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. Bank of America increased their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Citigroup decreased their price objective on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group increased their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $100.75.

Allison Transmission Stock Performance

NYSE ALSN opened at $98.56 on Tuesday. The business’s 50-day moving average price is $111.17 and its 200 day moving average price is $104.73. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. The company has a market capitalization of $8.43 billion, a PE ratio of 11.86 and a beta of 1.00. 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 (NYSE:ALSN) last released its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share 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%. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is 13.00%.

Allison Transmission announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,165,413.52. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,313 shares of company stock worth $1,808,318 in the last three months. 1.10% of the stock is currently owned by company insiders.

About Allison Transmission

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.