Gotham Asset Management LLC Acquires 1,465 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Gotham Asset Management LLC increased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 78,009 shares of the auto parts company’s stock after purchasing an additional 1,465 shares during the period. Gotham Asset Management LLC’s holdings in Allison Transmission were worth $8,430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ALSN. Transce3nd LLC acquired a new position in Allison Transmission in the 4th quarter worth $25,000. SRH Advisors LLC bought a new stake in shares of Allison Transmission in the fourth quarter valued at about $26,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission during the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allison Transmission during the fourth quarter worth about $31,000. Finally, SJS Investment Consulting Inc. raised its position in Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after buying an additional 396 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALSN shares. Raymond James lowered their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Morgan Stanley boosted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Robert W. Baird dropped their target price on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, StockNews.com raised Allison Transmission from a “hold” rating to a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus price target of $98.63.

Allison Transmission Stock Up 4.7%

ALSN stock opened at $103.35 on Tuesday. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The business’s 50 day simple moving average is $93.84 and its 200 day simple moving average is $105.50. 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 firm has a market capitalization of $8.71 billion, a PE ratio of 12.44 and a beta of 0.97.

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

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Monday, May 19th. Allison Transmission’s payout ratio is 12.50%.

Allison Transmission declared that its Board of Directors has authorized 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. This trade represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company’s stock, valued at approximately $1,466,938.04. The trade was a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.