NBC Securities Inc. Grows Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

NBC Securities Inc. raised its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 108,550.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,346 shares of the auto parts company's stock after purchasing an additional 4,342 shares during the quarter. NBC Securities Inc.'s holdings in Allison Transmission were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arizona State Retirement System increased its position in Allison Transmission by 0.4% during the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock valued at $2,733,000 after purchasing an additional 100 shares during the period. Vident Advisory LLC boosted its holdings in shares of Allison Transmission by 1.0% during the 4th quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock valued at $1,100,000 after buying an additional 102 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Allison Transmission by 1.6% during the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after buying an additional 103 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Allison Transmission by 7.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $210,000 after buying an additional 129 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Allison Transmission by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 2,679 shares of the auto parts company's stock valued at $289,000 after buying an additional 137 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This represents a 10.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Ryan A. Milburn sold 3,412 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following 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. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALSN shares. Morgan Stanley boosted their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Robert W. Baird dropped their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Raymond James dropped their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $98.13.

Allison Transmission Stock Performance

NYSE:ALSN traded up $1.10 during mid-day trading on Friday, reaching $103.62. The company's stock had a trading volume of 318,583 shares, compared to its average volume of 644,132. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The firm's fifty day moving average price is $96.24 and its two-hundred day moving average price is $104.54. 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 cap of $8.73 billion, a P/E ratio of 12.47 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping 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 business had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same quarter in the previous year, the firm earned $1.90 EPS. Allison Transmission's revenue was down 2.9% on a year-over-year basis. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its board has approved a stock buyback plan on Thursday, February 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares buyback plans are generally 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 given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is 12.50%.

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.