Driehaus Capital Management LLC Has $54.61 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Driehaus Capital Management LLC boosted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 505,321 shares of the auto parts company's stock after buying an additional 24,811 shares during the period. Driehaus Capital Management LLC owned approximately 0.58% of Allison Transmission worth $54,605,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ALSN. FMR LLC lifted its position in Allison Transmission by 1.9% during the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after acquiring an additional 247,318 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in 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 during the period. Loomis Sayles & Co. L P lifted its position in Allison Transmission by 301.1% during 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 period. Allianz Asset Management GmbH lifted its position in Allison Transmission by 7.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after acquiring an additional 69,008 shares during the period. Finally, Norges Bank purchased a new position in shares of Allison Transmission during the 4th quarter valued at about $108,916,000. 96.90% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Allison Transmission Price Performance

Shares of Allison Transmission stock traded up $1.61 on Tuesday, hitting $104.90. The company had a trading volume of 241,910 shares, compared to its average volume of 638,586. The business has a 50-day simple moving average of $93.84 and a 200-day simple moving average of $105.50. 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 company has a market cap of $8.84 billion, a PE ratio of 12.62 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. The firm 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 for the quarter 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. Research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its board has approved a stock buyback plan 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 repurchase up to 57.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's dividend payout ratio is 12.50%.

Analyst Ratings Changes

ALSN has been the subject of several research reports. 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 note on Monday, April 14th. JPMorgan Chase & Co. cut their price objective on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Morgan Stanley increased their target price on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Citigroup dropped their target price on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird decreased their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Two equities 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $98.63.

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.