24,479 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Bought by Vest Financial LLC

Vest Financial LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 24,479 shares of the auto parts company's stock, valued at approximately $2,342,000.

A number of other large investors have also recently modified their holdings of the business. Arizona State Retirement System boosted its stake in Allison Transmission by 0.4% in the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock valued at $2,733,000 after buying an additional 100 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Allison Transmission by 1.0% in the fourth quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after acquiring an additional 102 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Allison Transmission by 1.6% in the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after purchasing an additional 103 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Allison Transmission by 7.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $210,000 after purchasing an additional 129 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Allison Transmission by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 2,679 shares of the auto parts company's stock valued at $289,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Up 0.6%

ALSN traded up $0.58 during midday trading on Wednesday, hitting $102.13. The company had a trading volume of 296,789 shares, compared to its average volume of 645,996. The stock's 50 day moving average price is $96.63 and its 200 day moving average price is $104.13. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 12.26 and a beta of 1.00. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 EPS. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's payout ratio is currently 12.50%.

Allison Transmission announced that its Board of Directors has initiated a share buyback program on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ALSN. Robert W. Baird cut their target price 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. Raymond James cut their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group upped their target price on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Morgan Stanley increased their target price on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $98.13.

Insider Buying and Selling at Allison Transmission

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

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.