Jefferies Financial Group Inc. Takes $901,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jefferies Financial Group Inc. acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,334 shares of the auto parts company's stock, valued at approximately $901,000.

Several other large investors also recently bought and sold shares of ALSN. EAM Investors LLC purchased a new position in shares of Allison Transmission during the 4th quarter valued at about $5,766,000. Smith Group Asset Management LLC acquired a new stake in Allison Transmission during the fourth quarter worth about $2,161,000. Allspring Global Investments Holdings LLC grew its holdings in 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. Teacher Retirement System of Texas raised its position in 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 valued at $5,729,000 after acquiring an additional 6,728 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its position in Allison Transmission by 115.6% in the 4th quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company's stock worth $1,507,000 after purchasing an additional 7,479 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Activity

In other news, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction 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 $1,360,075.60. This represents a 24.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John Coll sold 1,788 shares of the business'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 in the company, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Trading Down 0.0%

Allison Transmission stock traded down $0.04 during trading on Monday, reaching $106.12. 392,526 shares of the company were exchanged, compared to its average volume of 640,248. The stock's 50 day simple moving average is $94.52 and its two-hundred day simple moving average is $105.54. The company has a market capitalization of $8.94 billion, a P/E ratio of 12.77 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.97 by $0.26. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The business had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. During the same quarter in the previous year, the firm earned $1.90 EPS. The company's quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission declared that its board has authorized a share buyback program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Allison Transmission Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ALSN shares. Raymond James dropped their price objective 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. Morgan Stanley increased their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. StockNews.com upgraded Allison Transmission from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Robert W. Baird reduced their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $98.63.

Allison Transmission 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.