DekaBank Deutsche Girozentrale Grows Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

DekaBank Deutsche Girozentrale lifted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 88.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,977 shares of the auto parts company's stock after purchasing an additional 46,352 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.11% of Allison Transmission worth $5,740,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group boosted its position in shares of Allison Transmission by 137.9% in the 3rd quarter. Schroder Investment Management Group now owns 133,529 shares of the auto parts company's stock worth $7,886,000 after purchasing an additional 77,402 shares in the last quarter. Estate Counselors LLC acquired a new stake in Allison Transmission during the 4th quarter worth about $1,127,000. Federated Hermes Inc. lifted its position in Allison Transmission by 62.5% during the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company's stock worth $47,207,000 after acquiring an additional 307,322 shares during the period. London Co. of Virginia raised its stake in shares of Allison Transmission by 1.1% during the 3rd quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company's stock valued at $142,576,000 after buying an additional 26,316 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Allison Transmission by 5.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 9,011 shares of the auto parts company's stock valued at $509,000 after buying an additional 505 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, February 14th. Robert W. Baird lifted their price objective on Allison Transmission from $63.00 to $68.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Morgan Stanley assumed coverage on Allison Transmission in a research note on Monday, January 8th. They set an "equal weight" rating and a $62.00 price objective for the company. Oppenheimer lifted their price objective on Allison Transmission from $67.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group lifted their price objective on Allison Transmission from $48.00 to $55.00 and gave the company a "sell" rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Allison Transmission has an average rating of "Hold" and a consensus price target of $63.88.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at approximately $8,855,053.03. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at approximately $8,855,053.03. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Dana Jh Pittard sold 2,686 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the transaction, the vice president now owns 5,143 shares in the company, valued at $374,616.12. The disclosure for this sale can be found here. In the last three months, insiders sold 87,843 shares of company stock worth $6,244,562. Corporate insiders own 0.93% of the company's stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded down $0.42 on Thursday, hitting $81.86. The company's stock had a trading volume of 479,418 shares, compared to its average volume of 671,143. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. Allison Transmission Holdings, Inc. has a 1 year low of $44.68 and a 1 year high of $83.42. The firm has a fifty day moving average price of $74.07 and a 200-day moving average price of $62.65. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.03.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.49. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The firm had revenue of $775.00 million during the quarter, compared to analyst estimates of $744.00 million. During the same quarter in the previous year, the business earned $1.52 EPS. Allison Transmission's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 7.64 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.25 per share. This is a positive change from Allison Transmission's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, March 1st. Allison Transmission's payout ratio is 13.44%.

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.