111 Capital Makes New Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

111 Capital acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,543 shares of the auto parts company's stock, valued at approximately $599,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in shares of 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 worth $2,733,000 after purchasing an additional 100 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Allison Transmission by 1.0% in the fourth quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after purchasing an additional 102 shares in the last quarter. Amalgamated Bank grew its stake in shares of Allison Transmission by 1.6% in 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 in the last quarter. Principal Securities Inc. grew its stake in shares of Allison Transmission by 7.1% in 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 in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Allison Transmission by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 2,679 shares of the auto parts company's stock worth $289,000 after purchasing an additional 137 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded down $1.53 during midday trading on Monday, hitting $101.99. 724,531 shares of the company were exchanged, compared to its average volume of 645,154. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The firm has a market cap of $8.59 billion, a P/E ratio of 12.27 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 firm has a 50 day simple moving average of $95.88 and a 200-day simple moving average of $104.66.

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 for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The firm had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. During the same period last year, the firm posted $1.90 EPS. The business's revenue was down 2.9% on a year-over-year basis. Research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.06%. Allison Transmission's dividend payout ratio is 12.50%.

Allison Transmission declared that its board has authorized a stock buyback 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 stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ALSN has been the subject of several research analyst reports. 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 report on Tuesday, April 15th. The Goldman Sachs Group upped their price objective on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. JPMorgan Chase & Co. cut their price objective on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley upped their price objective on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, Citigroup cut their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two 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. According to MarketBeat.com, Allison Transmission currently has a consensus rating of "Hold" and an average price target of $98.13.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission 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 completion of the sale, the vice president now directly owns 14,138 shares of the company's stock, valued at $1,360,075.60. The trade was a 24.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $170,450.04. Following the sale, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,746 shares of company stock valued at $966,854 in the last three months. Corporate insiders own 1.10% of the company's stock.

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.