Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 56.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 752 shares of the auto parts company’s stock after purchasing an additional 271 shares during the period. Global Retirement Partners LLC’s holdings in Allison Transmission were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Smith Group Asset Management LLC acquired a new stake in Allison Transmission in the fourth quarter valued at about $2,161,000. Allspring Global Investments Holdings LLC increased its holdings in 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 valued at $31,643,000 after buying an additional 46,435 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Allison Transmission by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after buying an additional 4,261 shares in the last quarter. Convergence Investment Partners LLC increased its holdings in Allison Transmission by 115.6% in the fourth quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company’s stock valued at $1,507,000 after buying an additional 7,479 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in Allison Transmission in the third quarter valued at about $947,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ALSN. Morgan Stanley increased their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Citigroup dropped their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Two 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’s stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average target price of $100.75.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Trading Up 1.3 %

Shares of ALSN opened at $101.79 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The firm has a 50 day simple moving average of $110.50 and a 200-day simple moving average of $104.89. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 12.25 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

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 paid a $0.27 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.06%. The ex-dividend date is Monday, March 3rd. Allison Transmission’s payout ratio is presently 13.00%.

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

Allison Transmission 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.