Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Foster & Motley Inc.

Foster & Motley Inc. grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 10.8% in the fourth quarter, Holdings Channel reports. The fund owned 65,977 shares of the auto parts company’s stock after purchasing an additional 6,427 shares during the period. Foster & Motley Inc.’s holdings in Allison Transmission were worth $3,837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC increased its position in shares of Allison Transmission by 146.5% during the 3rd quarter. CWM LLC now owns 2,014 shares of the auto parts company’s stock worth $119,000 after purchasing an additional 1,197 shares during the last quarter. IFP Advisors Inc increased its position in shares of Allison Transmission by 1,538.6% during the 3rd quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 677 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Allison Transmission by 1,706.7% during the 3rd quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 512 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Allison Transmission during the 3rd quarter valued at about $108,000. Finally, Measured Wealth Private Client Group LLC boosted its holdings in Allison Transmission by 82.9% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 8,467 shares of the auto parts company’s stock valued at $500,000 after acquiring an additional 3,838 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on ALSN shares. Robert W. Baird raised their target price on Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Morgan Stanley started coverage on Allison Transmission in a report on Monday, January 8th. They set an “equal weight” rating and a $62.00 target price for the company. JPMorgan Chase & Co. raised their target price on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Finally, Oppenheimer raised their target price on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.88.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the transaction, the chief executive officer now directly owns 125,479 shares in the company, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. Insiders sold a total of 87,843 shares of company stock worth $6,244,562 over the last 90 days. 0.93% of the stock is owned by insiders.

Allison Transmission Stock Performance

Shares of ALSN opened at $79.14 on Tuesday. The stock has a 50-day simple moving average of $77.02 and a 200-day simple moving average of $63.86. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The stock has a market capitalization of $6.93 billion, a PE ratio of 10.64, a PEG ratio of 1.44 and a beta of 1.03. Allison Transmission Holdings, Inc. has a 1 year low of $44.68 and a 1 year high of $83.42.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.49. The business had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $744.00 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. On average, analysts predict that Allison Transmission Holdings, Inc. will post 7.76 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.25 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a yield of 1.26%. Allison Transmission’s payout ratio is presently 13.44%.

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.