Private Advisor Group LLC Acquires 180 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Private Advisor Group LLC increased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,152 shares of the auto parts company’s stock after purchasing an additional 180 shares during the quarter. Private Advisor Group LLC’s holdings in Allison Transmission were worth $449,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALSN. Global Retirement Partners LLC raised its stake in Allison Transmission by 56.3% during the fourth quarter. Global Retirement Partners LLC now owns 752 shares of the auto parts company’s stock worth $81,000 after acquiring an additional 271 shares in the last quarter. Convergence Investment Partners LLC raised its holdings in shares of 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 during the last quarter. Kestra Investment Management LLC bought a new position in shares of Allison Transmission in the fourth quarter valued at about $30,000. Venturi Wealth Management LLC raised its holdings in shares of Allison Transmission by 62.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,212 shares of the auto parts company’s stock valued at $131,000 after buying an additional 468 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Allison Transmission by 20.6% in the fourth quarter. Truist Financial Corp now owns 12,368 shares of the auto parts company’s stock valued at $1,337,000 after buying an additional 2,110 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $695,928. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Allison Transmission Trading Down 3.3 %

NYSE:ALSN opened at $98.42 on Tuesday. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average price of $110.30 and a two-hundred day moving average price of $105.27. The company has a market cap of $8.42 billion, a P/E ratio of 11.84 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, March 3rd. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio is 13.00%.

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

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.