AdvisorShares Investments LLC Has $7.53 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

AdvisorShares Investments LLC boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 1,251.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,652 shares of the auto parts company's stock after purchasing an additional 64,500 shares during the period. Allison Transmission makes up about 1.5% of AdvisorShares Investments LLC's portfolio, making the stock its 7th largest holding. AdvisorShares Investments LLC owned 0.08% of Allison Transmission worth $7,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALSN. FMR LLC grew its position in Allison Transmission by 1.9% in the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Allison Transmission by 3.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock worth $286,683,000 after acquiring an additional 76,840 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Allison Transmission by 301.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after acquiring an additional 1,785,687 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Allison Transmission by 7.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after purchasing an additional 69,008 shares during the period. Finally, Norges Bank purchased a new stake in shares of Allison Transmission during the fourth quarter valued at $108,916,000. 96.90% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. This represents a 24.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 1,788 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com downgraded Allison Transmission from a "buy" rating to a "hold" rating in a report on Saturday, April 19th. Raymond James reduced their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Morgan Stanley lowered their price objective on shares of Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Robert W. Baird lowered their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of "Hold" and an average target price of $97.88.

Allison Transmission Stock Up 3.9 %

ALSN traded up $3.66 during trading on Friday, reaching $97.05. 1,372,990 shares of the stock traded hands, compared to its average volume of 641,946. 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 Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The stock's 50-day simple moving average is $93.91 and its two-hundred day simple moving average is $105.43. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 11.68 and a beta of 0.95.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced 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 business had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.90 EPS. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

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

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio is 13.00%.

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.