Evoke Wealth LLC Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Evoke Wealth LLC purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,114 shares of the auto parts company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Twin Tree Management LP boosted its holdings in shares of Allison Transmission by 87.9% in the 4th quarter. Twin Tree Management LP now owns 8,437 shares of the auto parts company’s stock valued at $912,000 after buying an additional 3,946 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Allison Transmission by 19.1% in the 4th quarter. Natixis Advisors LLC now owns 183,424 shares of the auto parts company’s stock valued at $19,821,000 after buying an additional 29,373 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in Allison Transmission during the 4th quarter valued at about $940,000. Commonwealth Equity Services LLC boosted its stake in Allison Transmission by 15.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 25,776 shares of the auto parts company’s stock valued at $2,785,000 after purchasing an additional 3,472 shares during the period. Finally, Swiss National Bank boosted its stake in Allison Transmission by 0.4% during the 4th quarter. Swiss National Bank now owns 171,400 shares of the auto parts company’s stock valued at $18,521,000 after purchasing an additional 600 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALSN. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley boosted their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Citigroup reduced their price objective on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday. 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, the stock has an average rating of “Hold” and an average price target of $102.00.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the firm’s 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 completion of the sale, the senior vice president now owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Up 1.7 %

Shares of ALSN stock opened at $99.17 on Thursday. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 11.93 and a beta of 1.02. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The stock’s 50 day simple moving average is $107.37 and its 200 day simple moving average is $105.81. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53.

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

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.27 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.09%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.00%.

Allison Transmission announced that its board has initiated a stock repurchase 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 purchase up to 57.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.