Tudor Investment Corp ET AL Grows Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Tudor Investment Corp. boosted its stake in Allison Transmission by 73.9% in Q3 to 314,434 shares (about $26.7M); institutional and hedge fund ownership stands at roughly 96.9%.
• Dividend raised: Allison increased its quarterly payout to $0.29 (from $0.27), annualized $1.16 for a ~1.0% yield, with an ex-dividend date of March 9 and payment on March 20.
• Shares trade near $112 with a market cap of $9.29B and a P/E of 15.3; analysts’ consensus is a "Hold" (average target $112) despite several recent price-target increases and mixed ratings.

Tudor Investment Corp ET AL grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 73.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 314,434 shares of the auto parts company's stock after buying an additional 133,620 shares during the period. Tudor Investment Corp ET AL owned 0.38% of Allison Transmission worth $26,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALSN. Jane Street Group LLC lifted 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 valued at $27,617,000 after acquiring an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 acquiring an additional 11,542 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Allison Transmission in the second quarter worth $545,000. SG Americas Securities LLC acquired a new position in shares of Allison Transmission during the second quarter worth $1,031,000. Finally, Creative Planning increased its position in shares of Allison Transmission by 10.6% during the second quarter. Creative Planning now owns 6,391 shares of the auto parts company's stock worth $607,000 after purchasing an additional 611 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $112.22 on Friday. The company has a 50 day simple moving average of $114.75 and a two-hundred day simple moving average of $97.69. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.75 and a beta of 0.96. 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 Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $128.85.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be issued a $0.29 dividend. This is a boost from Allison Transmission's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. Allison Transmission's payout ratio is presently 15.83%.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the firm'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 transaction of $176,932.89. Following the sale, the senior vice president owned 10,021 shares of the company's stock, valued at $989,974.59. This trade represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission 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 directly owned 17,654 shares of the company's stock, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on ALSN. Zacks Research upgraded Allison Transmission from a "hold" rating to a "strong-buy" rating in a report on Monday, January 26th. Citigroup boosted their price target on Allison Transmission from $110.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. Wells Fargo & Company increased their price objective on shares of Allison Transmission from $98.00 to $127.00 and gave the company an "equal weight" rating in a research report on Thursday, February 26th. Morgan Stanley boosted their target price on shares of Allison Transmission from $109.00 to $117.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Raymond James Financial raised their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a "strong-buy" rating in a report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Allison Transmission has an average rating of "Hold" and an average price target of $112.00.

About Allison Transmission

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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