Wedge Capital Management L L P NC Acquires 25,235 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Wedge Capital Management L L P NC boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 333,198 shares of the auto parts company's stock after buying an additional 25,235 shares during the period. Wedge Capital Management L L P NC owned approximately 0.37% of Allison Transmission worth $19,375,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ALSN. CWM LLC raised its holdings in Allison Transmission by 146.5% during the 3rd quarter. CWM LLC now owns 2,014 shares of the auto parts company's stock worth $119,000 after buying an additional 1,197 shares during the period. IFP Advisors Inc raised its holdings in shares of Allison Transmission by 1,538.6% in the third quarter. IFP Advisors Inc now owns 721 shares of the auto parts company's stock valued at $43,000 after purchasing an additional 677 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Allison Transmission by 1,706.7% in the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 512 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Allison Transmission in the third quarter valued at approximately $108,000. Finally, Measured Wealth Private Client Group LLC raised its holdings in shares of Allison Transmission by 82.9% in the third quarter. Measured Wealth Private Client Group LLC now owns 8,467 shares of the auto parts company's stock valued at $500,000 after purchasing an additional 3,838 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALSN has been the topic of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Allison Transmission from $63.00 to $68.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. Morgan Stanley initiated coverage on shares of Allison Transmission in a report on Monday, January 8th. They issued an "equal weight" rating and a $62.00 price objective on the stock. Oppenheimer lifted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, March 26th. StockNews.com upgraded shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Allison Transmission presently has an average rating of "Hold" and a consensus price target of $65.88.

Insiders Place Their Bets

In other Allison Transmission news, VP Dana Jh Pittard sold 2,686 shares of Allison Transmission stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the transaction, the vice president now directly owns 5,143 shares of the company's stock, valued at $374,616.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Dana Jh Pittard sold 2,686 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the completion of the sale, the vice president now owns 5,143 shares of the company's stock, valued at $374,616.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ryan A. Milburn sold 2,598 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now directly owns 14,456 shares of the company's stock, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. Insiders sold a total of 87,843 shares of company stock valued at $6,244,562 over the last ninety days. 0.93% of the stock is currently owned by company insiders.

Allison Transmission Stock Up 0.8 %

Shares of NYSE:ALSN traded up $0.62 during midday trading on Tuesday, hitting $79.74. The stock had a trading volume of 531,475 shares, compared to its average volume of 664,251. Allison Transmission Holdings, Inc. has a 12 month low of $44.68 and a 12 month high of $83.42. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. The business's 50-day simple moving average is $77.38 and its 200-day simple moving average is $64.01. The company has a market cap of $6.99 billion, a P/E ratio of 10.72, a PEG ratio of 1.44 and a beta of 1.03.

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

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. This is a boost from Allison Transmission's previous quarterly dividend of $0.23. 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.