Vest Financial LLC Purchases 10,824 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Vest Financial LLC increased its stake in Allison Transmission by 20.8% in Q4, buying 10,824 shares to own 62,772 shares worth about $6.145 million (roughly 0.08% of the company).
• Allison raised its quarterly dividend to $0.29 from $0.27 (annualized $1.16), implying a yield of 0.9% and a payout ratio of 15.83%.
• The stock is overwhelmingly institutionally owned (96.90%), with multiple large managers (e.g., Boston Partners, UBS, Bank of America, Amundi, AQR) boosting positions, while analyst consensus is a Hold with an average target of $114.13.

Vest Financial LLC increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,772 shares of the auto parts company's stock after purchasing an additional 10,824 shares during the quarter. Vest Financial LLC owned 0.08% of Allison Transmission worth $6,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners raised its holdings in shares of Allison Transmission by 117.6% during the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company's stock valued at $173,093,000 after acquiring an additional 1,101,824 shares in the last quarter. UBS Group AG boosted its holdings in Allison Transmission by 222.2% in the third quarter. UBS Group AG now owns 960,548 shares of the auto parts company's stock valued at $81,531,000 after acquiring an additional 662,458 shares in the last quarter. Bank of America Corp DE increased its position in Allison Transmission by 38.0% during the 3rd quarter. Bank of America Corp DE now owns 1,166,223 shares of the auto parts company's stock valued at $98,989,000 after purchasing an additional 321,001 shares during the period. Amundi raised its holdings in Allison Transmission by 1,145.6% in the 3rd quarter. Amundi now owns 343,119 shares of the auto parts company's stock worth $29,076,000 after purchasing an additional 315,572 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Allison Transmission by 18.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company's stock worth $181,741,000 after purchasing an additional 304,974 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Stock Down 2.6%

Shares of Allison Transmission stock opened at $130.21 on Wednesday. The company has a 50-day simple moving average of $121.36 and a two-hundred day simple moving average of $105.11. The stock has a market capitalization of $10.82 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 0.80 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were given 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 was Monday, March 9th. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission's payout ratio is currently 15.83%.

Insider Buying and Selling

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission 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 sale, the insider 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALSN. Morgan Stanley boosted their price target on shares of Allison Transmission from $109.00 to $117.00 and gave the company an "equal weight" rating in a research report on Monday, March 16th. Citigroup lifted their price target on shares of Allison Transmission from $130.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, April 13th. Wells Fargo & Company raised their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the company an "equal weight" rating in a research note on Thursday, February 26th. Weiss Ratings lowered shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, February 25th. Finally, Zacks Research downgraded Allison Transmission from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of "Hold" and an average target price of $114.13.

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.

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