125,393 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 125,393 shares of the auto parts company's stock, valued at approximately $13,550,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of Allison Transmission at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new stake in shares of Allison Transmission during the fourth quarter worth $901,000. Public Employees Retirement System of Ohio raised its holdings in shares of Allison Transmission by 35.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock worth $6,245,000 after acquiring an additional 14,994 shares during the period. EAM Investors LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth $5,766,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Allison Transmission by 18.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock worth $31,643,000 after acquiring an additional 46,435 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of Allison Transmission by 14.5% during the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock worth $5,729,000 after acquiring an additional 6,728 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALSN has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Monday, May 12th. JPMorgan Chase & Co. lowered their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Citigroup lowered their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Raymond James lowered 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, Morgan Stanley lifted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Allison Transmission currently has an average rating of "Hold" and a consensus target price of $98.13.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares of the company's stock, valued at $1,360,075.60. This represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,746 shares of company stock worth $966,854. Insiders own 1.20% of the company's stock.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded down $1.29 during trading on Friday, hitting $103.51. 963,123 shares of the stock were exchanged, compared to its average volume of 644,836. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 12.46 and a beta of 0.97. The company has a fifty day moving average price of $95.83 and a 200-day moving average price of $104.95. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year 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 announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The business had revenue of $766.00 million for 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%. Allison Transmission's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 EPS. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.04%. Allison Transmission's payout ratio is 12.50%.

Allison Transmission declared that its board has initiated a stock buyback plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Allison Transmission Company 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.