Clark Capital Management Group Inc. Has $12.40 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Clark Capital Management Group Inc. raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,738 shares of the auto parts company's stock after acquiring an additional 26,910 shares during the quarter. Clark Capital Management Group Inc. owned 0.13% of Allison Transmission worth $12,399,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ALSN. EAM Investors LLC bought a new position in Allison Transmission during the fourth quarter worth $5,766,000. Smith Group Asset Management LLC bought a new position in Allison Transmission during the fourth quarter worth $2,161,000. Allspring Global Investments Holdings LLC lifted its stake in Allison Transmission by 18.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock worth $31,643,000 after purchasing an additional 46,435 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Allison Transmission by 14.5% in the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock valued at $5,729,000 after buying an additional 6,728 shares during the last quarter. Finally, Convergence Investment Partners LLC lifted its stake in Allison Transmission by 115.6% in the fourth quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company's stock valued at $1,507,000 after buying an additional 7,479 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Trading Up 1.5%

Shares of Allison Transmission stock traded up $1.54 during trading on Tuesday, hitting $104.83. The stock had a trading volume of 631,413 shares, compared to its average volume of 640,095. The stock has a 50 day simple moving average of $93.84 and a 200 day simple moving average of $105.50. The company has a market capitalization of $8.83 billion, a PE ratio of 12.61 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 1 year low of $71.49 and a 1 year high of $122.53.

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

Allison Transmission Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is currently 12.50%.

Allison Transmission announced that its board has approved 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 repurchase up to 57.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent research reports. StockNews.com upgraded Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. cut their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Robert W. Baird cut their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Citigroup reduced their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley raised their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $98.63.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 1,788 shares of the firm'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 transaction 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. This represents 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.

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.