277 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 277 shares of the auto parts company’s stock, valued at approximately $30,000.

A number of other hedge funds have also made changes to their positions in ALSN. SRH Advisors LLC bought a new stake in Allison Transmission during the 4th quarter worth about $26,000. World Investment Advisors LLC bought a new stake in Allison Transmission during the 3rd quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allison Transmission during the 4th quarter worth about $31,000. Quarry LP grew its holdings in Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Allison Transmission by 1,650.0% during the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock worth $45,000 after acquiring an additional 396 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Down 1.6 %

Allison Transmission stock opened at $100.76 on Friday. The company’s 50 day simple moving average is $111.49 and its 200 day simple moving average is $104.48. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.35 and a fifty-two week high of $122.53. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 12.13 and a beta of 1.00. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share 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%. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

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

Allison Transmission Increases Dividend

The business 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 dividend of $0.27 per share. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is 12.03%.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,280,219.96. This trade represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,639 shares of company stock worth $2,448,077. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ALSN. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Morgan Stanley raised their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Citigroup reduced their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, Oppenheimer raised their target price 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $100.75.

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.