Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 64.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,365 shares of the auto parts company's stock after buying an additional 117,962 shares during the quarter. Lazard Asset Management LLC owned about 0.35% of Allison Transmission worth $32,564,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. FMR LLC lifted its holdings in shares of Allison Transmission by 1.9% in the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock valued at $1,404,025,000 after buying an additional 247,318 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Allison Transmission by 3.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock worth $286,683,000 after purchasing an additional 76,840 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in Allison Transmission by 301.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after purchasing an additional 1,785,687 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in 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 last quarter. Finally, Norges Bank acquired a new position in Allison Transmission during the fourth quarter worth $108,916,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALSN. Raymond James reduced their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Citigroup reduced their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Robert W. Baird reduced their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Morgan Stanley boosted their price target on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $98.63.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $1,360,075.60. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 1,788 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $103.35 on Tuesday. The company has a market cap of $8.71 billion, a P/E ratio of 12.44 and a beta of 0.97. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The business has a fifty day simple moving average of $93.84 and a 200-day simple moving average of $105.50.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The business had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 earnings per share. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, May 19th. Allison Transmission's dividend payout ratio is currently 12.50%.

Allison Transmission declared that its Board of Directors has approved a share buyback program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding 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 typically an indication that the company's board of directors believes its stock is undervalued.

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.

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