Brevan Howard Capital Management LP Has $1.12 Million Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Brevan Howard Capital Management LP raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 120.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,339 shares of the auto parts company's stock after acquiring an additional 5,644 shares during the period. Brevan Howard Capital Management LP's holdings in Allison Transmission were worth $1,117,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup cut 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. StockNews.com upgraded Allison Transmission from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Robert W. Baird lowered their target price 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. Morgan Stanley boosted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $98.63.

Insider Buying and Selling at Allison Transmission

In other 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 transaction, the vice president now directly owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Coll sold 1,788 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Performance

NYSE:ALSN traded up $0.06 during mid-day trading on Friday, hitting $98.78. The stock had a trading volume of 462,766 shares, compared to its average volume of 639,822. The company's 50 day simple moving average is $93.72 and its 200 day simple moving average is $105.42. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 11.89 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted 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. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The business had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. During the same period in the previous year, the firm earned $1.90 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's payout ratio is 12.50%.

Allison Transmission announced that its board has authorized a share repurchase plan 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 plans are often an indication that the company's board 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.