10,485 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,485 shares of the auto parts company’s stock, valued at approximately $1,140,000.

A number of other institutional investors have also made changes to their positions in ALSN. Allspring Global Investments Holdings LLC lifted its holdings in Allison Transmission by 18.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company’s stock worth $31,643,000 after acquiring an additional 46,435 shares in the last quarter. Certuity LLC bought a new position in Allison Transmission during the fourth quarter worth about $324,000. SRH Advisors LLC bought a new position in Allison Transmission during the fourth quarter worth about $26,000. Summit Trail Advisors LLC lifted its holdings in Allison Transmission by 25.3% during the fourth quarter. Summit Trail Advisors LLC now owns 13,136 shares of the auto parts company’s stock worth $1,419,000 after acquiring an additional 2,650 shares in the last quarter. Finally, Entropy Technologies LP lifted its holdings in Allison Transmission by 31.0% during the fourth quarter. Entropy Technologies LP now owns 8,907 shares of the auto parts company’s stock worth $962,000 after acquiring an additional 2,108 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALSN has been the topic of several recent analyst reports. Oppenheimer lifted their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Bank of America boosted their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Citigroup cut their price target on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Robert W. Baird boosted their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.75.

Allison Transmission Stock Performance

ALSN opened at $102.34 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $69.80 and a 52-week high of $122.53. The firm has a market capitalization of $8.75 billion, a PE ratio of 12.31 and a beta of 1.00. 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 business’s 50-day simple moving average is $111.81 and its 200 day simple moving average is $104.21.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.06%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio is presently 12.03%.

Allison Transmission declared that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,639 shares of company stock valued at $2,448,077 over the last 90 days. 1.10% of the stock is currently owned by 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.