4,326 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Bought by FORA Capital LLC

FORA Capital LLC purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,326 shares of the auto parts company’s stock, valued at approximately $467,000.

A number of other hedge funds have also modified their holdings of ALSN. Barclays PLC increased its holdings in Allison Transmission by 23.4% in the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock worth $5,902,000 after buying an additional 11,666 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Allison Transmission in the third quarter worth $67,000. Franklin Resources Inc. raised its holdings in shares of Allison Transmission by 46.8% during the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after purchasing an additional 79,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in 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 valued at $1,661,000 after purchasing an additional 100 shares during the period. Finally, City State Bank purchased a new stake in Allison Transmission in the fourth quarter valued at $76,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares in the company, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the transaction, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This represents 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ALSN shares. Raymond James reduced their price objective on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Citigroup dropped their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley increased their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Robert W. Baird cut their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $98.63.

Allison Transmission Stock Performance

ALSN opened at $98.78 on Friday. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 11.89 and a beta of 0.97. The firm’s fifty day simple moving average is $93.72 and its two-hundred day simple moving average is $105.37. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million for the quarter, compared to analysts’ expectations of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Allison Transmission’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 EPS. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

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

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.09%. Allison Transmission’s payout ratio is currently 12.50%.

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.