74,020 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 74,020 shares of the auto parts company's stock, valued at approximately $7,999,000. Cubist Systematic Strategies LLC owned approximately 0.09% of Allison Transmission 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. Cetera Investment Advisers lifted its stake in Allison Transmission by 7.7% in the 4th quarter. Cetera Investment Advisers now owns 16,822 shares of the auto parts company's stock worth $1,818,000 after purchasing an additional 1,209 shares in the last quarter. Centiva Capital LP purchased a new position in Allison Transmission during the fourth quarter worth approximately $570,000. Brevan Howard Capital Management LP boosted its stake in Allison Transmission by 120.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 10,339 shares of the auto parts company's stock worth $1,117,000 after buying an additional 5,644 shares during the last quarter. Captrust Financial Advisors grew its holdings in Allison Transmission by 20.7% in the 4th quarter. Captrust Financial Advisors now owns 38,035 shares of the auto parts company's stock valued at $4,110,000 after buying an additional 6,536 shares in the last quarter. Finally, Caxton Associates LP increased its stake in shares of Allison Transmission by 208.3% in the 4th quarter. Caxton Associates LP now owns 12,667 shares of the auto parts company's stock worth $1,369,000 after acquiring an additional 8,558 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the transaction, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This represents a 24.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 1,788 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Stock Up 0.1 %

Shares of NYSE ALSN traded up $0.06 during midday trading on Friday, hitting $98.78. The company's stock had a trading volume of 462,766 shares, compared to its average volume of 639,822. 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 market capitalization of $8.32 billion, a price-to-earnings ratio of 11.89 and a beta of 0.97. The business's fifty day simple moving average is $93.72 and its two-hundred day simple moving average is $105.42. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.90 EPS. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Monday, May 19th. Allison Transmission's payout ratio is presently 12.50%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. Morgan Stanley upped their price target on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Raymond James cut their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Citigroup lowered their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and an average target price of $98.63.

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.