Hussman Strategic Advisors Inc. Has $1.14 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Hussman Strategic Advisors Inc. lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,500 shares of the auto parts company’s stock after selling 10,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Allison Transmission were worth $1,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ALSN. SG Americas Securities LLC acquired a new position in shares of Allison Transmission in the third quarter valued at approximately $186,000. Creative Planning boosted its holdings in Allison Transmission by 7.9% during the third quarter. Creative Planning now owns 5,161 shares of the auto parts company’s stock worth $496,000 after purchasing an additional 380 shares during the last quarter. Blue Trust Inc. boosted its holdings in Allison Transmission by 53.4% during the third quarter. Blue Trust Inc. now owns 2,874 shares of the auto parts company’s stock worth $276,000 after purchasing an additional 1,001 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Allison Transmission by 5.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 247,318 shares of the auto parts company’s stock worth $23,760,000 after purchasing an additional 13,585 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Allison Transmission by 4.4% during the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Activity

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,639 shares of company stock valued at $2,448,077 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ALSN has been the subject of several recent research reports. Robert W. Baird increased their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Bank of America increased their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Citigroup reduced their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Oppenheimer increased their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $100.75.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $102.34 on Friday. The stock has a market cap of $8.75 billion, a P/E ratio of 12.31 and a beta of 1.00. 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 company has a fifty day moving average price of $111.81 and a two-hundred day moving average price of $104.21. Allison Transmission Holdings, Inc. has a one year low of $69.80 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its board has approved a share repurchase program on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.27 dividend. 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 1.06%. Allison Transmission’s dividend payout ratio is presently 12.03%.

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.