Jones Financial Companies Lllp Increases Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jones Financial Companies Lllp increased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 298.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,880 shares of the auto parts company’s stock after acquiring an additional 1,408 shares during the quarter. Jones Financial Companies Lllp’s holdings in Allison Transmission were worth $203,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Williamson Legacy Group LLC purchased a new position in Allison Transmission during the 4th quarter valued at about $362,000. QRG Capital Management Inc. grew its holdings in Allison Transmission by 3.1% during the 4th quarter. QRG Capital Management Inc. now owns 4,751 shares of the auto parts company’s stock valued at $513,000 after buying an additional 144 shares in the last quarter. Versor Investments LP boosted its position in shares of Allison Transmission by 60.7% during the 4th quarter. Versor Investments LP now owns 8,205 shares of the auto parts company’s stock valued at $887,000 after acquiring an additional 3,100 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Allison Transmission during the 4th quarter valued at about $42,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Allison Transmission by 4.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 14,529 shares of the auto parts company’s stock valued at $1,570,000 after acquiring an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

In other news, SVP John Coll sold 2,000 shares of Allison Transmission 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 completion of the transaction, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Trading Down 3.3 %

Shares of NYSE:ALSN opened at $93.43 on Friday. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The stock’s fifty day moving average price is $108.35 and its 200-day moving average price is $105.52. 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 company has a market cap of $7.99 billion, a P/E ratio of 11.24 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

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

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.27 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.16%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. 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. 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, Citigroup reduced their target price on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $100.75.

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.