Allison Transmission Holdings, Inc. $ALSN Shares Acquired by UBS Group AG

Key Points

• UBS Group AG increased its stake in Allison Transmission by 30.4% in Q4, acquiring 291,649 shares to hold 1,252,197 shares (about 1.50% of the company) valued at roughly $122.59 million.
• Several analysts raised price targets—Oppenheimer to $135, Wells Fargo to $127 and Morgan Stanley to $117—but the consensus rating remains a Hold with an average price target of $114.13.
• Allison increased its quarterly dividend to $0.29 (annualized $1.16, ~0.9% yield), and insider Eric C. Scroggins sold 1,313 shares in March.

UBS Group AG lifted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 30.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,252,197 shares of the auto parts company's stock after acquiring an additional 291,649 shares during the period. UBS Group AG owned 1.50% of Allison Transmission worth $122,590,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Kathmere Capital Management LLC boosted its stake in shares of Allison Transmission by 4.6% during the fourth quarter. Kathmere Capital Management LLC now owns 2,643 shares of the auto parts company's stock valued at $259,000 after acquiring an additional 116 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Allison Transmission by 3.9% during the fourth quarter. GAMMA Investing LLC now owns 3,514 shares of the auto parts company's stock valued at $344,000 after acquiring an additional 132 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in shares of Allison Transmission by 0.5% during the fourth quarter. Tealwood Asset Management Inc. now owns 29,006 shares of the auto parts company's stock valued at $2,840,000 after acquiring an additional 142 shares during the last quarter. Rossby Financial LCC boosted its stake in shares of Allison Transmission by 107.0% during the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company's stock valued at $25,000 after acquiring an additional 153 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in shares of Allison Transmission by 0.6% during the third quarter. Johnson Investment Counsel Inc. now owns 28,415 shares of the auto parts company's stock valued at $2,412,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company increased their price objective on Allison Transmission from $98.00 to $127.00 and gave the company an "equal weight" rating in a research note on Thursday, February 26th. Morgan Stanley increased their price objective on Allison Transmission from $109.00 to $117.00 and gave the company an "equal weight" rating in a research note on Monday, March 16th. Weiss Ratings lowered Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, February 25th. Oppenheimer increased their price objective on Allison Transmission from $115.00 to $135.00 and gave the company an "outperform" rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. raised their price target on Allison Transmission from $87.00 to $115.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $114.13.

Insider Activity at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,313 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the transaction, the insider owned 17,654 shares of the company's stock, valued at $2,019,617.60. This represents a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Trading Down 2.1%

NYSE ALSN opened at $131.48 on Friday. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The company has a 50-day moving average of $121.93 and a 200-day moving average of $105.48. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. The company has a market cap of $10.93 billion, a P/E ratio of 17.94, a P/E/G ratio of 0.80 and a beta of 0.97.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Allison Transmission's previous quarterly dividend of $0.27. Allison Transmission's dividend payout ratio is currently 15.83%.

Allison Transmission Profile

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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