37,933 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,933 shares of the auto parts company's stock, valued at approximately $4,099,000.

Other large investors have also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in shares of Allison Transmission in the 4th quarter worth approximately $25,000. SRH Advisors LLC bought a new stake in shares of Allison Transmission during the fourth quarter worth $26,000. World Investment Advisors LLC acquired a new stake in shares of Allison Transmission in the third quarter valued at $29,000. Kestra Investment Management LLC acquired a new position in Allison Transmission during the 4th quarter worth about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allison Transmission during the 4th quarter worth about $31,000. 96.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Coll sold 1,788 shares of the business's stock in a transaction on 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 sale, the senior vice president now directly owns 15,388 shares in the company, 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. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup reduced their target price 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. Raymond James reduced their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Morgan Stanley dropped their target price on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Robert W. Baird lowered their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of "Hold" and an average price target of $97.88.

Allison Transmission Stock Up 1.3 %

Shares of ALSN traded up $1.19 on Thursday, hitting $93.43. The company's stock had a trading volume of 935,890 shares, compared to its average volume of 638,603. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 11.24 and a beta of 0.95. The firm's fifty day moving average price is $94.01 and its 200-day moving average price is $105.47. 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 issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.16. 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% on a year-over-year basis. During the same quarter last year, the business earned $1.90 EPS. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission announced that its board has initiated a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.27 per share. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's dividend payout ratio is currently 13.00%.

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.