Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,962,381 shares of the auto parts company’s stock after acquiring an additional 547 shares during the period. Geode Capital Management LLC owned about 2.27% of Allison Transmission worth $212,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. DGS Capital Management LLC raised its holdings in Allison Transmission by 2.5% in the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock valued at $370,000 after acquiring an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Allison Transmission by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock worth $1,661,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System grew its stake in Allison Transmission by 0.4% in the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company’s stock worth $2,733,000 after purchasing an additional 100 shares in the last quarter. Amalgamated Bank increased its holdings in Allison Transmission by 1.6% in the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company’s stock valued at $690,000 after buying an additional 103 shares during the last quarter. Finally, Quarry LP lifted its holdings in Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after buying an additional 114 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. StockNews.com cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Citigroup decreased their price target on shares of Allison Transmission from $115.00 to $108.00 and set a “neutral” rating for the company in a report on Monday, March 31st. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $101.13.

Insiders Place Their Bets

In related news, SVP John Coll sold 1,788 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares of the company’s stock, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now directly owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was 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 insiders.

Allison Transmission Stock Performance

ALSN opened at $86.01 on Monday. 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 moving average is $102.54 and its 200-day moving average is $106.66. The stock has a market cap of $7.33 billion, a PE ratio of 10.35 and a beta of 0.95. 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 announced its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating 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, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.26%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.00%.

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