Natixis Advisors LLC Acquires 41,511 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Natixis Advisors increased its stake in Allison Transmission by 18.1%, buying 41,511 shares to hold 270,577 shares worth about $22.97 million (0.33% of the company) in Q3.
• Allison raised its quarterly dividend to $0.29 (annualized $1.16, ~1.0% yield) with an ex-dividend date of March 9.
• Analyst views are mixed: Zacks upgraded to Strong Buy and Oppenheimer raised its target to $135, while the consensus rating remains a "Hold" with a $111.11 price target.

Natixis Advisors LLC grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 18.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 270,577 shares of the auto parts company's stock after buying an additional 41,511 shares during the period. Natixis Advisors LLC owned 0.33% of Allison Transmission worth $22,967,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC bought a new stake in shares of Allison Transmission during the 3rd quarter valued at about $614,000. Mackenzie Financial Corp raised its stake in Allison Transmission by 2,937.4% in the second quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company's stock worth $17,606,000 after buying an additional 179,243 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in Allison Transmission by 224.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 74,778 shares of the auto parts company's stock worth $6,347,000 after buying an additional 51,737 shares in the last quarter. Alps Advisors Inc. purchased a new stake in Allison Transmission in the third quarter worth about $14,175,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Allison Transmission in the second quarter worth about $1,041,000. Institutional investors own 96.90% of the company's stock.

Insider Activity

In related news, SVP John Coll sold 1,791 shares of the business's stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares in the company, valued at $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric C. Scroggins sold 1,313 shares of the business's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value 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 SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on ALSN. Zacks Research upgraded Allison Transmission from a "hold" rating to a "strong-buy" rating in a report on Monday, January 26th. Citigroup lifted their price target on Allison Transmission from $110.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, February 25th. Oppenheimer upped their price target on Allison Transmission from $115.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 24th. Weiss Ratings downgraded Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. raised their price objective on Allison Transmission from $87.00 to $115.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of "Hold" and a consensus price target of $111.11.

Allison Transmission Trading Down 1.2%

NYSE ALSN opened at $113.24 on Thursday. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $128.85. The stock has a market cap of $9.38 billion, a P/E ratio of 15.45, a P/E/G ratio of 0.75 and a beta of 0.96. The stock's fifty day moving average price is $113.13 and its 200-day moving average price is $96.71. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, March 9th. This is a positive change from Allison Transmission's previous quarterly dividend of $0.27. Allison Transmission's dividend payout ratio (DPR) is presently 15.83%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.