Captrust Financial Advisors Purchases 6,536 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Captrust Financial Advisors grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,035 shares of the auto parts company's stock after acquiring an additional 6,536 shares during the period. Captrust Financial Advisors' holdings in Allison Transmission were worth $4,110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC lifted its position in shares of Allison Transmission by 1.9% during the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after acquiring an additional 247,318 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Allison Transmission by 3.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock worth $286,683,000 after buying an additional 76,840 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after buying an additional 1,785,687 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Allison Transmission by 7.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after buying an additional 69,008 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Allison Transmission during the 4th quarter worth $108,916,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Up 1.5%

Allison Transmission stock traded up $1.54 during trading hours on Tuesday, hitting $104.83. 631,413 shares of the stock traded hands, compared to its average volume of 639,862. The firm's 50-day moving average price is $93.84 and its two-hundred day moving average price is $105.50. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The company has a market cap of $8.83 billion, a PE ratio of 12.61 and a beta of 0.97. 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 posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.26. The business had revenue of $766.00 million for the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The business's revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 EPS. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced 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 of this dividend is Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.03%. Allison Transmission's payout ratio is 12.50%.

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 often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Raymond James decreased their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Morgan Stanley raised their price objective on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Citigroup reduced their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, StockNews.com raised Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and an average target price of $98.63.

Insider Activity

In related news, SVP John Coll sold 1,788 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 $1,466,938.04. The trade was a 10.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction that occurred 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 directly 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. Company insiders own 1.10% of the company's stock.

Allison Transmission 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.