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

NBC Securities Inc. grew its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 108,550.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,346 shares of the auto parts company's stock after acquiring 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 institutional investors and hedge funds have also recently modified their holdings of ALSN. Transce3nd LLC bought a new position in Allison Transmission during the fourth quarter valued at $25,000. SRH Advisors LLC purchased a new stake in shares of Allison Transmission during the 4th quarter valued at about $26,000. Kestra Investment Management LLC purchased a new stake in shares of Allison Transmission during the 4th quarter valued at about $30,000. Vermillion Wealth Management Inc. bought a new position in shares of Allison Transmission in the 4th quarter valued at about $31,000. Finally, Proficio Capital Partners LLC purchased a new position in Allison Transmission in the fourth quarter worth about $42,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ryan A. Milburn sold 3,412 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the sale, the vice president now owns 11,924 shares of the company's stock, valued at $1,254,881.76. This represents a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Trading Down 2.4%

Allison Transmission stock traded down $2.49 during mid-day trading on Monday, hitting $101.07. The company's stock had a trading volume of 826,030 shares, compared to its average volume of 645,771. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The company has a 50 day moving average of $96.37 and a 200-day moving average of $104.28. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The stock has a market cap of $8.52 billion, a PE ratio of 12.16 and a beta of 1.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The firm had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The business's revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 earnings per share. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its board has approved a share repurchase plan on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding 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 often a sign that the company's board believes its stock is undervalued.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Allison Transmission from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Citigroup decreased their price target on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lifted their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Robert W. Baird cut their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Raymond James lowered their target price on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. 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, Allison Transmission has a consensus rating of "Hold" and a consensus target price of $98.13.

About Allison Transmission

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.