Graham Capital Management L.P. Invests $2.70 Million in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Graham Capital Management L.P. bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,000 shares of the auto parts company's stock, valued at approximately $2,702,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC lifted its holdings in Allison Transmission by 1.9% during the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Allison Transmission by 3.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock valued at $286,683,000 after purchasing an additional 76,840 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock valued at $257,046,000 after acquiring an additional 1,785,687 shares during the period. Allianz Asset Management GmbH increased its stake in Allison Transmission by 7.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after acquiring an additional 69,008 shares during the period. Finally, Norges Bank bought a new position in Allison Transmission in the 4th quarter valued at about $108,916,000. Institutional investors own 96.90% of the company's stock.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the transaction, the vice president now owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 of the company's stock, valued at $1,466,938.04. This trade represents a 10.41% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Robert W. Baird reduced their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Citigroup reduced their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Raymond James cut their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Morgan Stanley boosted their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $98.63.

Allison Transmission Trading Up 1.0%

NYSE ALSN traded up $1.05 during trading on Friday, hitting $106.21. The stock had a trading volume of 160,074 shares, compared to its average volume of 638,470. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 12.78 and a beta of 0.97. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The stock has a 50 day simple moving average of $94.34 and a 200 day simple moving average of $105.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted 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. The business had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 EPS. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission declared that its board has approved a stock repurchase 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 reacquire up to 57.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.02%. Allison Transmission's dividend payout ratio is presently 12.50%.

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.