Treasurer of the State of North Carolina Grows Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Treasurer of the State of North Carolina increased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,459 shares of the auto parts company's stock after acquiring an additional 4,123 shares during the period. Treasurer of the State of North Carolina owned approximately 0.10% of Allison Transmission worth $9,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SRH Advisors LLC acquired a new stake in Allison Transmission in the fourth quarter valued at approximately $26,000. World Investment Advisors LLC acquired a new stake in Allison Transmission in the 3rd quarter valued at $29,000. Kestra Investment Management LLC acquired a new stake in Allison Transmission in the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Allison Transmission in the 4th quarter worth $31,000. Finally, Proficio Capital Partners LLC acquired a new position in Allison Transmission during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the 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 sale, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This represents a 24.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 1,788 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was 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 in the company, valued at $1,466,938.04. This 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 insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday. Raymond James reduced their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday. Morgan Stanley decreased their target price on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Citigroup dropped their price target on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $97.88.

Allison Transmission Trading Up 0.7 %

Shares of NYSE:ALSN traded up $0.62 during midday trading on Friday, reaching $88.80. 632,211 shares of the company's stock were exchanged, compared to its average volume of 643,883. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 10.69 and a beta of 0.95. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The firm's 50 day simple moving average is $96.47 and its two-hundred day simple moving average is $105.98. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.27 dividend. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. Allison Transmission's payout ratio is presently 13.00%.

Allison Transmission Company 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.