Allison Transmission Holdings, Inc. $ALSN Shares Bought by SG Americas Securities LLC

Key Points

• SG Americas Securities increased its stake in Allison Transmission by 109.9% in Q4, owning 17,014 shares valued at about $1.67 million after adding 8,910 shares.
• Allison raised its quarterly dividend from $0.27 to $0.29 (annualized $1.16), implying a ~1.0% yield and a 15.8% payout ratio.
• The stock carries an average analyst rating of "Hold" with a consensus price target of $112, while the company is valued at roughly $9.8 billion with a P/E near 16.0.

SG Americas Securities LLC boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 109.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,014 shares of the auto parts company's stock after buying an additional 8,910 shares during the quarter. SG Americas Securities LLC's holdings in Allison Transmission were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALSN. Jane Street Group LLC grew its position in Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock worth $27,617,000 after buying an additional 223,253 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company's stock valued at $20,560,000 after purchasing an additional 11,542 shares during the last quarter. American Century Companies Inc. grew its position in shares of Allison Transmission by 1.3% in the second quarter. American Century Companies Inc. now owns 25,769 shares of the auto parts company's stock valued at $2,448,000 after purchasing an additional 319 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Allison Transmission by 9.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company's stock valued at $180,000 after purchasing an additional 165 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Allison Transmission by 272.5% in the second quarter. Hsbc Holdings PLC now owns 20,206 shares of the auto parts company's stock valued at $1,925,000 after purchasing an additional 14,781 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Shares of ALSN opened at $117.54 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.77 and a beta of 0.97. The company's 50 day simple moving average is $116.49 and its 200 day simple moving average is $100.15. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $128.85.

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 paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 9th. This is a positive change from Allison Transmission's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. Allison Transmission's payout ratio is currently 15.83%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ALSN shares. Zacks Research lowered shares of Allison Transmission from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 24th. Raymond James Financial increased their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the company a "strong-buy" rating in a research report on Monday, December 22nd. Citigroup increased their price target on shares of Allison Transmission from $110.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, February 25th. Morgan Stanley increased their price target on shares of Allison Transmission from $109.00 to $117.00 and gave the company an "equal weight" rating in a research report on Monday, March 16th. Finally, Oppenheimer increased their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $112.00.

Insider Activity

In related news, insider Eric C. Scroggins sold 1,313 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the transaction, the insider owned 17,654 shares of the company's stock, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company's stock.

Allison Transmission Company 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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