Schonfeld Strategic Advisors LLC Acquires 27,776 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Schonfeld Strategic Advisors LLC increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 24.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 139,326 shares of the auto parts company's stock after acquiring an additional 27,776 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.16% of Allison Transmission worth $15,056,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Transce3nd LLC bought a new stake in shares of Allison Transmission during the 4th quarter worth approximately $25,000. SRH Advisors LLC bought a new stake in Allison Transmission during the fourth quarter worth $26,000. World Investment Advisors LLC acquired a new stake in Allison Transmission in the third quarter valued at $29,000. Kestra Investment Management LLC acquired a new stake in Allison Transmission in the fourth quarter valued at $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allison Transmission in the 4th quarter valued at about $31,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

Shares of ALSN stock traded up $3.66 on Friday, hitting $97.05. The company's stock had a trading volume of 1,372,990 shares, compared to its average volume of 641,946. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The company has a market capitalization of $8.27 billion, a PE ratio of 11.68 and a beta of 0.97. The stock's 50 day moving average is $93.86 and its 200-day moving average is $105.42. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

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

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

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.27 per share. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, March 3rd. Allison Transmission's dividend payout ratio is 12.50%.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares of the company's stock, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP John Coll sold 1,788 shares of the 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 completion of the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ALSN shares. Morgan Stanley cut their target price on shares of Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Raymond James reduced their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Robert W. Baird dropped their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Citigroup dropped their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $97.88.

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.