Prevatt Capital Ltd Grows Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Prevatt Capital Ltd raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 395,000 shares of the auto parts company's stock after purchasing an additional 45,000 shares during the period. Allison Transmission makes up about 12.3% of Prevatt Capital Ltd's investment portfolio, making the stock its 2nd biggest holding. Prevatt Capital Ltd owned about 0.46% of Allison Transmission worth $42,684,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its holdings in shares of Allison Transmission by 46.2% in the fourth quarter. Quantinno Capital Management LP now owns 118,430 shares of the auto parts company's stock valued at $12,798,000 after buying an additional 37,434 shares during the period. NDVR Inc. boosted its holdings in shares of Allison Transmission by 4.8% in the fourth quarter. NDVR Inc. now owns 4,265 shares of the auto parts company's stock valued at $461,000 after buying an additional 197 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Allison Transmission by 64.3% in the fourth quarter. Lazard Asset Management LLC now owns 301,365 shares of the auto parts company's stock valued at $32,564,000 after buying an additional 117,962 shares during the period. J. Goldman & Co LP acquired a new position in shares of Allison Transmission in the fourth quarter valued at approximately $5,429,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Allison Transmission by 153.0% in the fourth quarter. Janus Henderson Group PLC now owns 186,358 shares of the auto parts company's stock valued at $20,145,000 after buying an additional 112,710 shares during the period. Institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Performance

ALSN stock traded up $1.13 during trading hours on Friday, reaching $106.29. The stock had a trading volume of 622,208 shares, compared to its average volume of 641,242. The stock has a market capitalization of $8.96 billion, a PE ratio of 12.79 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The stock has a 50-day simple moving average of $94.52 and a 200 day simple moving average of $105.55. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The firm had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.90 earnings per share. Analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's dividend payout ratio is currently 12.50%.

Allison Transmission announced that its board has initiated a share repurchase program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the auto parts company to reacquire up to 57.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ALSN shares. Robert W. Baird reduced their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Morgan Stanley increased their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Citigroup reduced their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Raymond James reduced their target price on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $98.63.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the firm'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 completion of the sale, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 1,788 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This represents 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 Company 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.