6,637 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,637 shares of the auto parts company's stock, valued at approximately $717,000.

Several other institutional investors have also modified their holdings of ALSN. Transce3nd LLC acquired a new position in Allison Transmission during the fourth quarter worth about $25,000. SRH Advisors LLC acquired a new position in Allison Transmission during the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in Allison Transmission during the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission during the fourth quarter worth about $31,000. Finally, Proficio Capital Partners LLC acquired a new position in Allison Transmission during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Activity

In related news, SVP John Coll sold 1,788 shares of the company'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 transaction of $170,450.04. Following the sale, the senior vice president now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the company's 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 sale, the vice president now directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. The trade was a 24.33% decrease in their ownership of the stock. 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 equities analysts recently weighed in on the stock. Raymond James lowered their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. StockNews.com upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lowered 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. Citigroup decreased 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. Finally, Robert W. Baird decreased their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and a consensus target price of $98.63.

Allison Transmission Trading Up 4.7%

Shares of Allison Transmission stock traded up $4.64 on Monday, reaching $103.35. The company had a trading volume of 716,676 shares, compared to its average volume of 640,130. The firm's 50 day moving average price is $93.84 and its two-hundred day moving average price is $105.50. The firm has a market cap of $8.71 billion, a PE ratio of 12.44 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 company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The business had revenue of $766.00 million for the quarter, compared to the consensus estimate 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 was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 EPS. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is 12.50%.

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.