Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 505,321 shares of the auto parts company's stock after buying an additional 24,811 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.58% of Allison Transmission worth $54,605,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ALSN. Transce3nd LLC acquired a new position in Allison Transmission during the 4th quarter worth approximately $25,000. SRH Advisors LLC purchased a new stake in Allison Transmission during the 4th quarter worth about $26,000. World Investment Advisors LLC acquired a new stake in Allison Transmission during the third quarter worth approximately $29,000. Kestra Investment Management LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allison Transmission in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction on Thursday, March 6th. The shares were 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 $1,360,075.60. This trade represents a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares in the company, valued at $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 company insiders.

Allison Transmission Price Performance

ALSN opened at $97.26 on Thursday. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The company's 50-day moving average price is $93.67 and its 200 day moving average price is $105.37. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 11.70 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) 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 return on equity of 47.95% and a net margin of 22.67%. The business's revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.90 EPS. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.11%. Allison Transmission's dividend payout ratio is presently 12.50%.

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

About Allison Transmission

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.