GAMMA Investing LLC Has $14.19 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

GAMMA Investing LLC boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 10,402.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,289 shares of the auto parts company's stock after acquiring an additional 146,877 shares during the quarter. GAMMA Investing LLC owned 0.17% of Allison Transmission worth $14,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 111 Capital acquired a new stake in shares of Allison Transmission during the 4th quarter worth about $599,000. Jefferies Financial Group Inc. acquired a new position in Allison Transmission in the fourth quarter valued at about $901,000. Public Employees Retirement System of Ohio grew its stake in Allison Transmission by 35.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock worth $6,245,000 after buying an additional 14,994 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth approximately $5,766,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Allison Transmission by 18.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock valued at $31,643,000 after acquiring an additional 46,435 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Trading Up 0.5%

Allison Transmission stock traded up $0.51 during mid-day trading on Tuesday, hitting $101.58. The stock had a trading volume of 771,311 shares, compared to its average volume of 647,201. The stock has a 50-day simple moving average of $96.41 and a two-hundred day simple moving average of $104.15. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $8.56 billion, a PE ratio of 12.22 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its 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. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The company had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. During the same period in the prior year, the company posted $1.90 EPS. The company's revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Allison Transmission Dividend Announcement

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

Insiders Place Their Bets

In related news, SVP John Coll sold 1,788 shares of Allison Transmission 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 transaction, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ryan A. Milburn sold 3,412 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the sale, the vice president now directly owns 11,924 shares of the company's stock, valued at $1,254,881.76. The trade was a 22.25% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen raised Allison Transmission from a "hold" rating to a "buy" rating in a report on Monday, May 12th. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Robert W. Baird decreased their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group raised their target price on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Finally, Citigroup reduced their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $98.13.

Allison Transmission Profile

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.