Y Intercept Hong Kong Ltd Buys Shares of 18,657 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Y Intercept Hong Kong Ltd bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,657 shares of the auto parts company’s stock, valued at approximately $2,016,000.

Several other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its stake in shares of Allison Transmission by 7.9% during the 3rd quarter. Creative Planning now owns 5,161 shares of the auto parts company’s stock worth $496,000 after purchasing an additional 380 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Allison Transmission by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after purchasing an additional 167 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Allison Transmission by 46.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,270 shares of the auto parts company’s stock worth $1,467,000 after purchasing an additional 4,837 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Allison Transmission during the 3rd quarter worth approximately $760,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Allison Transmission by 0.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 100,752 shares of the auto parts company’s stock worth $9,612,000 after purchasing an additional 391 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ALSN. Citigroup dropped 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. Morgan Stanley upped their price objective on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Oppenheimer upped their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Bank of America boosted 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. Finally, The Goldman Sachs Group boosted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average price target of $100.75.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction 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 represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the stock in a transaction on 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 sale, the chief executive officer now directly 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 valued at $1,808,318 in the last ninety days. 0.93% of the stock is currently owned by corporate insiders.

Allison Transmission Stock Down 2.1 %

ALSN stock opened at $98.56 on Tuesday. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The business’s 50 day simple moving average is $111.17 and its 200 day simple moving average is $104.73. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The firm has a market capitalization of $8.43 billion, a PE ratio of 11.86 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 1.10%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 3rd. Allison Transmission’s dividend payout ratio is currently 12.03%.

Allison Transmission announced that its board has initiated a stock repurchase program 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 repurchase up to 57.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.