Quantinno Capital Management LP Boosts Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Quantinno Capital Management LP boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,430 shares of the auto parts company's stock after purchasing an additional 37,434 shares during the period. Quantinno Capital Management LP owned about 0.14% of Allison Transmission worth $12,798,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. DGS Capital Management LLC increased its holdings in Allison Transmission by 2.5% during the 4th quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock valued at $370,000 after purchasing an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock worth $1,661,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Allison Transmission by 0.4% in the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock valued at $2,733,000 after purchasing an additional 100 shares during the period. Amalgamated Bank lifted its stake in shares of Allison Transmission by 1.6% in the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after purchasing an additional 103 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Allison Transmission by 7.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $210,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALSN. StockNews.com upgraded Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Robert W. Baird lowered their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley raised their target price on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Citigroup lowered their target price on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. 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 MarketBeat.com, Allison Transmission presently has a consensus rating of "Hold" and an average price target of $98.63.

Allison Transmission Stock Up 1.1%

Shares of ALSN traded up $1.13 during mid-day trading on Friday, reaching $106.29. The company had a trading volume of 622,208 shares, compared to its average volume of 641,242. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The firm has a 50-day moving average price of $94.52 and a 200 day moving average price of $105.55. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 12.79 and a beta of 0.97.

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

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a $0.27 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.08 annualized dividend and a yield of 1.02%. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

Allison Transmission declared that its board has authorized a stock repurchase plan on Thursday, February 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction that occurred 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 transaction, the vice president now directly owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. This represents a 24.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Coll sold 1,788 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 in the company, valued at $1,466,938.04. This trade represents a 10.41% 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 insiders.

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.