Allison Transmission Holdings, Inc. $ALSN Shares Acquired by Caprock Group LLC

Key Points

• Caprock Group LLC boosted its stake in Allison Transmission by 191.5%, purchasing an additional 17,114 shares to hold 26,051 shares valued at about $2.55 million at quarter-end.
• Analysts have an average rating of Hold with an average target price of $114.13, while the stock recently traded near $135.64, reflecting mixed broker views despite several price-target increases.
• Allison raised its quarterly dividend to $0.29 (annualized $1.16, yield ~0.9%), and insider Eric C. Scroggins sold 1,313 shares (~$150,207), leaving insiders owning about 1.10% of the stock.

Caprock Group LLC boosted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 191.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,051 shares of the auto parts company's stock after purchasing an additional 17,114 shares during the period. Caprock Group LLC's holdings in Allison Transmission were worth $2,550,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. M&T Bank Corp acquired a new stake in Allison Transmission during the 4th quarter valued at $346,000. Optas LLC acquired a new position in Allison Transmission during the 4th quarter worth $558,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Allison Transmission by 9.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,741 shares of the auto parts company's stock worth $2,422,000 after acquiring an additional 2,200 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in Allison Transmission by 6.5% during the 4th quarter. GHP Investment Advisors Inc. now owns 24,411 shares of the auto parts company's stock worth $2,390,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in Allison Transmission by 15.7% during the 4th quarter. Merit Financial Group LLC now owns 8,500 shares of the auto parts company's stock worth $832,000 after acquiring an additional 1,154 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ALSN. Citigroup raised their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a "neutral" rating in a report on Monday, April 13th. Weiss Ratings lowered shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a "neutral" rating in a report on Wednesday, January 14th. Morgan Stanley raised their price objective on shares of Allison Transmission from $109.00 to $117.00 and gave the stock an "equal weight" rating in a report on Monday, March 16th. Finally, Oppenheimer raised their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an "outperform" rating in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Allison Transmission has an average rating of "Hold" and an average target price of $114.13.

Insiders Place Their Bets

In related news, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the sale, the insider directly owned 17,654 shares in the company, valued at $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Trading Down 0.3%

Allison Transmission stock opened at $135.64 on Friday. The firm's 50-day moving average is $120.79 and its 200-day moving average is $104.09. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $136.94. The company has a market cap of $11.28 billion, a P/E ratio of 18.50, a PEG ratio of 0.81 and a beta of 0.97.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were given a $0.29 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.16 annualized dividend and a yield of 0.9%. This is a boost from Allison Transmission's previous quarterly dividend of $0.27. Allison Transmission's payout ratio is 15.83%.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company's products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison's core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.

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