Caxton Associates LP Raises Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Caxton Associates LP raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 208.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,667 shares of the auto parts company's stock after acquiring an additional 8,558 shares during the period. Caxton Associates LP's holdings in Allison Transmission were worth $1,369,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Allison Transmission by 4,877.2% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock valued at $48,035,000 after acquiring an additional 435,587 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Allison Transmission by 7.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 7,060 shares of the auto parts company's stock worth $762,000 after buying an additional 460 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Allison Transmission by 24.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 139,326 shares of the auto parts company's stock worth $15,056,000 after acquiring an additional 27,776 shares during the period. AdvisorShares Investments LLC lifted its holdings in Allison Transmission by 1,251.9% in the fourth quarter. AdvisorShares Investments LLC now owns 69,652 shares of the auto parts company's stock valued at $7,527,000 after acquiring an additional 64,500 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Allison Transmission in the fourth quarter worth about $4,099,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP John Coll sold 1,788 shares of the firm's stock in a transaction on 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 sale, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value 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 represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Allison Transmission Trading Up 0.1 %

Shares of Allison Transmission stock traded up $0.06 during trading on Friday, hitting $98.78. The stock had a trading volume of 462,766 shares, compared to its average volume of 639,822. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53. The firm's fifty day simple moving average is $93.72 and its 200-day simple moving average is $105.42. The stock has a market cap of $8.32 billion, a PE ratio of 11.89 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. The firm had revenue of $766.00 million for the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. During the same period in the prior year, the business posted $1.90 earnings per share. The business's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission declared that its Board of Directors has initiated a share buyback plan on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a $0.27 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.09%. Allison Transmission's payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup decreased their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased 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. Robert W. Baird cut their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Raymond James decreased their price target on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley increased their target price on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Allison Transmission has a consensus rating of "Hold" and a consensus target price of $98.63.

About Allison Transmission

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.