Allison Transmission Holdings, Inc. (NYSE:ALSN) Stake Lifted by Principal Securities Inc.

Principal Securities Inc. raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,939 shares of the auto parts company’s stock after buying an additional 129 shares during the quarter. Principal Securities Inc.’s holdings in Allison Transmission were worth $210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. acquired a new stake in Allison Transmission in the 4th quarter valued at approximately $1,140,000. Allspring Global Investments Holdings LLC grew its stake in shares of Allison Transmission by 18.8% in 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 purchasing an additional 46,435 shares in the last quarter. Certuity LLC acquired a new position in shares of Allison Transmission during the fourth quarter valued at $324,000. SRH Advisors LLC bought a new stake in shares of Allison Transmission during the fourth quarter valued at about $26,000. Finally, Summit Trail Advisors LLC lifted its holdings in Allison Transmission by 25.3% in the fourth quarter. Summit Trail Advisors LLC now owns 13,136 shares of the auto parts company’s stock worth $1,419,000 after purchasing an additional 2,650 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In related news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Tuesday, December 31st. The shares were 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 15,313 shares of company stock valued at $1,808,318 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird raised their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group upped their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $100.75.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $98.56 on Tuesday. The company has a market capitalization of $8.43 billion, a PE ratio of 11.86 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 stock has a fifty day moving average of $111.17 and a 200-day moving average of $104.73. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS 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%. As a group, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

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

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.10%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is presently 13.00%.

Allison Transmission Company 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.