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

Caxton Associates LP increased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 208.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,667 shares of the auto parts company's stock after acquiring an additional 8,558 shares during the quarter. Caxton Associates LP's holdings in Allison Transmission were worth $1,369,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Transce3nd LLC purchased a new position in shares of Allison Transmission in the fourth quarter valued at $25,000. SRH Advisors LLC bought a new position in Allison Transmission in the 4th quarter worth about $26,000. World Investment Advisors LLC purchased a new position in Allison Transmission during the 3rd quarter valued at about $29,000. Kestra Investment Management LLC bought a new stake in shares of Allison Transmission during the fourth quarter valued at about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allison Transmission in the fourth quarter worth about $31,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Robert W. Baird lowered their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Citigroup reduced their target price on 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 upgraded Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Morgan Stanley cut 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $97.88.

Allison Transmission Stock Up 1.3 %

Shares of NYSE ALSN opened at $98.54 on Tuesday. The stock has a market capitalization of $8.40 billion, a P/E ratio of 11.86 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. The firm's 50 day simple moving average is $93.82 and its two-hundred day simple moving average is $105.48. 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 released its earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.97 by $0.26. The company 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 firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 EPS. As a group, analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The business 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 1.10%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's payout ratio is 12.50%.

Allison Transmission declared that its Board of Directors has approved 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 stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the stock in a transaction 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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.

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