5,552 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by Jump Financial LLC

Jump Financial LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,552 shares of the auto parts company's stock, valued at approximately $600,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its stake in Allison Transmission by 1.9% during the fourth 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 during the period. Loomis Sayles & Co. L P increased its holdings in Allison Transmission by 301.1% in the 4th 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 purchasing an additional 1,785,687 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Allison Transmission by 7.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock valued at $114,690,000 after purchasing an additional 69,008 shares during the last quarter. Norges Bank purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $108,916,000. Finally, Federated Hermes Inc. boosted its holdings in Allison Transmission by 3.9% during the 4th quarter. Federated Hermes Inc. now owns 956,691 shares of the auto parts company's stock valued at $103,380,000 after acquiring an additional 36,065 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Ryan A. Milburn sold 4,546 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 approximately $1,466,938.04. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Stock Performance

ALSN traded down $0.51 during trading on Tuesday, hitting $91.71. 94,849 shares of the stock were exchanged, compared to its average volume of 636,797. The stock has a fifty day moving average price of $94.38 and a two-hundred day moving average price of $105.66. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The firm has a market capitalization of $7.82 billion, a P/E ratio of 11.05 and a beta of 0.95. 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 posted its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, 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 initiated a stock buyback program on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.27 dividend. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's dividend payout ratio (DPR) is 13.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Citigroup decreased their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered Allison Transmission from a "buy" rating to a "hold" rating in a report on Saturday, April 19th. Morgan Stanley decreased their price target on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Robert W. Baird dropped their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Allison Transmission currently has a consensus rating of "Hold" and an average price target of $97.88.

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.