Mirae Asset Global Investments Co. Ltd. Acquires 14,168 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,638 shares of the auto parts company's stock after buying an additional 14,168 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.05% of Allison Transmission worth $2,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its holdings in Allison Transmission by 88.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 98,977 shares of the auto parts company's stock worth $5,740,000 after buying an additional 46,352 shares during the period. Estate Counselors LLC bought a new stake in shares of Allison Transmission during the 4th quarter worth $1,127,000. Oak Thistle LLC bought a new stake in shares of Allison Transmission during the 4th quarter worth $549,000. Wolf Group Capital Advisors lifted its holdings in shares of Allison Transmission by 7.0% during the 4th quarter. Wolf Group Capital Advisors now owns 15,572 shares of the auto parts company's stock worth $879,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Norris Perne & French LLP MI lifted its holdings in shares of Allison Transmission by 0.6% during the 4th quarter. Norris Perne & French LLP MI now owns 505,047 shares of the auto parts company's stock worth $29,368,000 after acquiring an additional 3,076 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALSN. StockNews.com upgraded shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $70.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday. Oppenheimer boosted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. Morgan Stanley began coverage on shares of Allison Transmission in a research report on Monday, January 8th. They issued an "equal weight" rating and a $62.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the company a "sell" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $65.88.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 76,318 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now owns 125,479 shares of the company's stock, valued at $8,855,053.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Dana Jh Pittard sold 2,686 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David S. Graziosi sold 76,318 shares of the company'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 transaction, the chief executive officer now owns 125,479 shares in the company, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock valued at $6,244,562 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Trading Down 1.3 %

Shares of ALSN traded down $1.01 during trading hours on Friday, reaching $78.38. 816,004 shares of the company traded hands, compared to its average volume of 666,590. The company's fifty day moving average price is $76.36 and its two-hundred day moving average price is $63.51. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.03. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. Allison Transmission Holdings, Inc. has a 12 month low of $44.68 and a 12 month high of $83.42.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The business had revenue of $775.00 million for the quarter, compared to analyst estimates of $744.00 million. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Allison Transmission's quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 7.76 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 1st. This represents a $1.00 annualized dividend and a yield of 1.28%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.23. Allison Transmission's payout ratio is presently 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.