Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,600 shares of the auto parts company's stock after purchasing an additional 5,100 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.07% of Allison Transmission worth $6,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. DGS Capital Management LLC grew its holdings in Allison Transmission by 2.5% in the 4th quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock valued at $370,000 after buying an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Allison Transmission by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock valued at $1,661,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System grew its holdings in Allison Transmission by 0.4% in 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 increased its position in Allison Transmission by 1.6% during the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock worth $690,000 after purchasing an additional 103 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in Allison Transmission by 7.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $210,000 after purchasing an additional 129 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of research analyst reports. Morgan Stanley dropped their price objective on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. 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 note on Tuesday, April 8th. StockNews.com lowered Allison Transmission from a "buy" rating to a "hold" rating in a research note on Saturday, April 19th. Raymond James dropped their target price 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, JPMorgan Chase & Co. reduced their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and an average price target of $97.88.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 4,546 shares of the firm's 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 transaction, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 1,788 shares of Allison Transmission 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 represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Allison Transmission Stock Down 0.8 %

Shares of ALSN stock traded down $0.70 on Friday, hitting $91.69. The stock had a trading volume of 790,915 shares, compared to its average volume of 638,248. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 11.03 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. The stock's 50 day moving average is $94.62 and its 200-day moving average is $105.72.

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

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.27 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

Allison Transmission announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership 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.