Intech Investment Management LLC Invests $545,000 in Allison Transmission Holdings, Inc. $ALSN

Intech Investment Management LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, HoldingsChannel.com reports. The fund bought 6,424 shares of the auto parts company’s stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ALSN. Chicago Partners Investment Group LLC acquired a new stake in Allison Transmission in the third quarter valued at $614,000. Mackenzie Financial Corp raised its stake in Allison Transmission by 2,937.4% during the second quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company’s stock worth $17,606,000 after acquiring an additional 179,243 shares during the period. Y Intercept Hong Kong Ltd increased its position in Allison Transmission by 224.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 74,778 shares of the auto parts company’s stock worth $6,347,000 after buying an additional 51,737 shares during the period. Alps Advisors Inc. bought a new position in Allison Transmission in the 3rd quarter worth about $14,175,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Allison Transmission in the second quarter worth $1,041,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Activity

In other news, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the transaction, the insider directly owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at $989,974.59. This trade represents a 15.16% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 1.2%

Shares of ALSN stock opened at $113.24 on Thursday. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $128.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. The stock has a fifty day moving average price of $113.13 and a 200 day moving average price of $96.71. The stock has a market cap of $9.38 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 9th. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s payout ratio is presently 15.83%.

Analysts Set New Price Targets

ALSN has been the topic of a number of research reports. Raymond James Financial boosted their price objective on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Morgan Stanley boosted their target price on Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Finally, Wells Fargo & Company raised their target price on Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $111.11.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.