10,880 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Bought by Access Investment Management LLC

Access Investment Management LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,880 shares of the auto parts company’s stock, valued at approximately $633,000.

Several other institutional investors and hedge funds have also bought and sold shares of ALSN. Principal Securities Inc. bought a new position in shares of Allison Transmission in the fourth quarter valued at $134,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Allison Transmission by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 682,650 shares of the auto parts company’s stock valued at $39,696,000 after buying an additional 8,234 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Allison Transmission by 6.1% in the fourth quarter. Private Advisor Group LLC now owns 6,172 shares of the auto parts company’s stock valued at $359,000 after buying an additional 353 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its stake in shares of Allison Transmission by 14.2% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 9,670 shares of the auto parts company’s stock valued at $562,000 after buying an additional 1,203 shares in the last quarter. Finally, Legacy Financial Advisors Inc. lifted its stake in shares of Allison Transmission by 2.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock valued at $396,000 after buying an additional 180 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALSN has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Oppenheimer raised their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group increased their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $71.71.

Check Out Our Latest Report on Allison Transmission

Allison Transmission Stock Performance

NYSE:ALSN traded down $0.29 on Friday, reaching $76.52. 644,664 shares of the company’s stock were exchanged, compared to its average volume of 771,617. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 1.45 and a beta of 1.04. Allison Transmission Holdings, Inc. has a 52 week low of $47.22 and a 52 week high of $83.42. The stock has a fifty day simple moving average of $78.13 and a 200-day simple moving average of $65.46.

Allison Transmission (NYSE:ALSNGet Free Report) last issued its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.85 earnings per share. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a $0.25 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

Insider Activity

In other news, VP Dana Jh Pittard sold 2,686 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 5,143 shares in the company, valued at $374,616.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Dana Jh Pittard sold 2,686 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the sale, the vice president now directly owns 5,143 shares of the company’s stock, valued at $374,616.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,089,982.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,843 shares of company stock worth $6,244,562. 1.10% of the stock is owned by company insiders.

About Allison Transmission

(Free Report)

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.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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