UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 10.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 304,230 shares of the auto parts company's stock after acquiring an additional 28,490 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of Allison Transmission worth $32,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALSN. Barclays PLC grew its position in Allison Transmission by 23.4% during the third quarter. Barclays PLC now owns 61,449 shares of the auto parts company's stock valued at $5,902,000 after acquiring an additional 11,666 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Allison Transmission during the fourth quarter worth about $224,000. SG Americas Securities LLC grew its stake in shares of Allison Transmission by 776.2% in the fourth quarter. SG Americas Securities LLC now owns 16,999 shares of the auto parts company's stock worth $1,837,000 after purchasing an additional 15,059 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Allison Transmission by 0.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 73,000 shares of the auto parts company's stock valued at $7,888,000 after purchasing an additional 438 shares during the period. Finally, Blue Trust Inc. raised its position in Allison Transmission by 30.5% during the 4th quarter. Blue Trust Inc. now owns 3,750 shares of the auto parts company's stock valued at $405,000 after purchasing an additional 876 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

NYSE:ALSN traded down $1.29 during trading hours on Friday, reaching $103.51. The company had a trading volume of 956,637 shares, compared to its average volume of 643,972. The firm's 50 day moving average price is $95.76 and its 200-day moving average price is $105.05. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 12.46 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The business had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The company's revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its board has authorized a share repurchase program on Thursday, February 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's dividend payout ratio is presently 12.50%.

Insiders Place Their Bets

In other news, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. This trade represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 1,788 shares of the firm'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 in the company, valued at $1,466,938.04. This represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,746 shares of company stock valued at $966,854 in the last quarter. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price 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 price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group upped their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday. Wall Street Zen raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Citigroup cut their price target on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.