Bridgewater Associates LP Increases Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Bridgewater Associates LP grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 14.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 101,295 shares of the auto parts company's stock after purchasing an additional 13,093 shares during the period. Bridgewater Associates LP owned about 0.12% of Allison Transmission worth $10,946,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. SRH Advisors LLC purchased a new position in shares of Allison Transmission in the 4th quarter worth about $26,000. Kestra Investment Management LLC purchased a new position in Allison Transmission in the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allison Transmission during the 4th quarter valued at $31,000. SJS Investment Consulting Inc. grew its holdings in Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock worth $45,000 after acquiring an additional 396 shares during the last quarter. Finally, Whittier Trust Co. purchased a new position in shares of Allison Transmission during the fourth quarter valued at approximately $61,000. Institutional investors own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of research reports. Morgan Stanley decreased their price target on shares of Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Citigroup reduced their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Raymond James lowered their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Allison Transmission currently has an average rating of "Hold" and a consensus target price of $97.88.

Insider Transactions at Allison Transmission

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

Allison Transmission Price Performance

NYSE:ALSN traded up $2.30 during trading hours on Tuesday, reaching $88.11. The stock had a trading volume of 75,647 shares, compared to its average volume of 641,548. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The company has a 50 day moving average price of $95.68 and a two-hundred day moving average price of $105.95. The stock has a market capitalization of $7.51 billion, a PE ratio of 10.60 and a beta of 0.95. 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 (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.27 dividend. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Monday, March 3rd. Allison Transmission's payout ratio is presently 13.00%.

Allison Transmission declared that its Board of Directors has authorized a stock buyback program on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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.