Allison Transmission Holdings, Inc. (NYSE:ALSN) Holdings Raised by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4,877.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 444,518 shares of the auto parts company's stock after purchasing an additional 435,587 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.51% of Allison Transmission worth $48,035,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALSN. DGS Capital Management LLC lifted its position in Allison Transmission by 2.5% during the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock valued at $370,000 after purchasing an additional 84 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock worth $1,661,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its position in Allison Transmission by 0.4% during the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock valued at $2,733,000 after purchasing an additional 100 shares during the period. Amalgamated Bank grew its position in shares of Allison Transmission by 1.6% during the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after acquiring an additional 103 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of Allison Transmission by 7.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $210,000 after acquiring an additional 129 shares during the period. Institutional investors own 96.90% of the company's stock.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the stock in a transaction 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 transaction, the senior vice president now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALSN. Citigroup reduced their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday. Robert W. Baird cut their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Raymond James cut their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and a consensus price target of $98.63.

Allison Transmission Stock Down 1.4 %

ALSN stock traded down $1.34 during trading on Tuesday, hitting $97.26. 673,002 shares of the company's stock were exchanged, compared to its average volume of 641,756. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 11.70 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The business has a 50-day moving average price of $93.82 and a two-hundred day moving average price of $105.48. 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 (NYSE:ALSN - Get Free Report) last released 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. The business had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 EPS. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission announced that its board has approved a share repurchase 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 purchase up to 57.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, March 3rd. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio (DPR) is currently 12.50%.

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.