BI Asset Management Fondsmaeglerselskab A S Acquires New Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,214 shares of the auto parts company's stock, valued at approximately $1,320,000.

Several other hedge funds have also made changes to their positions in the stock. Forum Financial Management LP bought a new stake in Allison Transmission in the 4th quarter valued at about $238,000. Freedom Investment Management Inc. bought a new stake in shares of Allison Transmission during the fourth quarter valued at approximately $297,000. GeoWealth Management LLC acquired a new position in shares of Allison Transmission during the fourth quarter worth approximately $65,000. Canada Pension Plan Investment Board boosted its position in shares of Allison Transmission by 8.6% during the fourth quarter. Canada Pension Plan Investment Board now owns 64,600 shares of the auto parts company's stock worth $6,981,000 after buying an additional 5,100 shares during the period. Finally, NewEdge Advisors LLC increased its position in Allison Transmission by 38.2% in the 4th quarter. NewEdge Advisors LLC now owns 17,694 shares of the auto parts company's stock valued at $1,912,000 after acquiring an additional 4,893 shares during the period. Institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Raymond James decreased 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. Morgan Stanley lowered their target price on shares of Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. 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 note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Citigroup cut their target price 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $97.88.

Allison Transmission Trading Down 0.4 %

Shares of Allison Transmission stock traded down $0.38 on Monday, reaching $91.42. 86,624 shares of the company were exchanged, compared to its average volume of 636,080. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. 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 capitalization of $7.79 billion, a price-to-earnings ratio of 11.01 and a beta of 0.95. The stock has a fifty day moving average price of $94.62 and a 200-day moving average price of $105.72.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping 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%. On average, analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.18%. 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. Allison Transmission's payout ratio is presently 13.00%.

Allison Transmission declared that its board has approved a share repurchase program on Thursday, February 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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 stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 1,788 shares of the company's 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 directly owns 15,388 shares in the company, valued at approximately $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. Company insiders own 1.10% of the company's stock.

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.