Janus Henderson Group PLC Has $20.15 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Janus Henderson Group PLC grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 153.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,358 shares of the auto parts company's stock after purchasing an additional 112,710 shares during the period. Janus Henderson Group PLC owned about 0.22% of Allison Transmission worth $20,145,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Barclays PLC raised its stake in Allison Transmission by 23.4% during the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company's stock valued at $5,902,000 after purchasing an additional 11,666 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock valued at $1,661,000 after buying an additional 100 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Allison Transmission in the fourth quarter valued at approximately $276,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allison Transmission during the fourth quarter valued at about $31,000. Finally, Ritholtz Wealth Management grew its holdings in Allison Transmission by 7.0% during the fourth quarter. Ritholtz Wealth Management now owns 20,784 shares of the auto parts company's stock valued at $2,246,000 after purchasing an additional 1,366 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

ALSN has been the topic of several research analyst reports. Citigroup lowered their price objective 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. StockNews.com upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Raymond James cut their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Morgan Stanley increased 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, Robert W. Baird cut their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $98.63.

Insider Activity at Allison Transmission

In related news, 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 transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission 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 completion of the sale, 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 disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Down 0.0%

Shares of NYSE:ALSN traded down $0.04 during mid-day trading on Monday, reaching $106.12. 392,526 shares of the stock were exchanged, compared to its average volume of 640,248. The company has a market cap of $8.94 billion, a P/E ratio of 12.77 and a beta of 0.97. The stock's 50 day simple moving average is $94.52 and its 200-day simple moving average is $105.54. 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 Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping 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 firm had revenue of $766.00 million for the quarter, compared to analysts' expectations of $792.18 million. During the same period in the previous year, the firm posted $1.90 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid 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%.

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

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.