NewEdge Advisors LLC Acquires 4,893 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

NewEdge Advisors LLC boosted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,694 shares of the auto parts company's stock after purchasing an additional 4,893 shares during the quarter. NewEdge Advisors LLC's holdings in Allison Transmission were worth $1,912,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. EAM Global Investors LLC acquired a new position in shares of Allison Transmission during the fourth quarter valued at about $3,648,000. EAM Investors LLC acquired a new position in shares of Allison Transmission during the fourth quarter valued at about $5,766,000. Jump Financial LLC acquired a new position in shares of Allison Transmission during the fourth quarter valued at about $600,000. Bridgewater Associates LP grew its holdings in shares of Allison Transmission by 14.8% during the fourth quarter. Bridgewater Associates LP now owns 101,295 shares of the auto parts company's stock valued at $10,946,000 after buying an additional 13,093 shares during the last quarter. Finally, Mariner LLC grew its holdings in shares of Allison Transmission by 27.0% during the fourth quarter. Mariner LLC now owns 4,861 shares of the auto parts company's stock valued at $525,000 after buying an additional 1,032 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at $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 at the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the firm'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 completion of the transaction, the vice president now directly owns 14,138 shares of the company's stock, valued at $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 corporate insiders.

Allison Transmission Stock Performance

ALSN stock traded up $0.36 during mid-day trading on Monday, hitting $92.15. The company had a trading volume of 795,840 shares, compared to its average volume of 638,878. The firm has a market cap of $7.85 billion, a PE ratio of 11.09 and a beta of 0.95. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53. The stock's fifty day moving average price is $94.38 and its two-hundred day moving average price is $105.66.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

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

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.27 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.17%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's payout ratio is 13.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ALSN. Morgan Stanley reduced their price objective on shares of Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. StockNews.com lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Saturday, April 19th. Robert W. Baird dropped their price target on shares of 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 dropped their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $97.88.

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.