Balyasny Asset Management L.P. Has $5.01 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Balyasny Asset Management L.P. reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,314 shares of the auto parts company's stock after selling 60,757 shares during the period. Balyasny Asset Management L.P. owned approximately 0.05% of Allison Transmission worth $5,005,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALSN. EAM Investors LLC acquired a new position in shares of Allison Transmission during the 4th quarter worth $5,766,000. Smith Group Asset Management LLC acquired a new stake in shares of Allison Transmission in the 4th quarter valued at approximately $2,161,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Allison Transmission by 18.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock valued at $31,643,000 after purchasing an additional 46,435 shares during the last quarter. Teacher Retirement System of Texas increased its position in Allison Transmission by 14.5% during the 4th quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock worth $5,729,000 after purchasing an additional 6,728 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its position 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 in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Trading Up 0.1 %

NYSE ALSN opened at $98.78 on Friday. The stock has a market capitalization of $8.32 billion, a P/E ratio of 11.89 and a beta of 0.97. The business has a 50 day simple moving average of $93.72 and a 200 day simple moving average of $105.42. 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 Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53.

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

Allison Transmission Announces Dividend

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

Allison Transmission announced that its Board of Directors has initiated a stock buyback 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 buy up to 57.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced 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. Robert W. Baird cut their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Raymond James decreased their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley lifted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $98.63.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the business'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 completion of the sale, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. The trade was a 10.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction that occurred 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 directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. The trade was a 24.33 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.

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