Allianz Asset Management GmbH Acquires 69,008 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Allianz Asset Management GmbH lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,061,351 shares of the auto parts company’s stock after purchasing an additional 69,008 shares during the period. Allianz Asset Management GmbH’s holdings in Allison Transmission were worth $114,690,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. DGS Capital Management LLC boosted its position in Allison Transmission by 2.5% during the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock valued at $370,000 after buying an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake 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 valued at $1,661,000 after acquiring an additional 100 shares during the last quarter. Quarry LP boosted its holdings in Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares during the period. Harvest Fund Management Co. Ltd grew its position in Allison Transmission by 3.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock worth $355,000 after acquiring an additional 126 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in Allison Transmission by 7.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $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

ALSN has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird boosted their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Citigroup lowered their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Finally, Oppenheimer raised their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and an average price target of $100.75.

Insiders Place Their Bets

In related news, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,165,413.52. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,639 shares of company stock worth $2,448,077. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Trading Down 1.6 %

Shares of ALSN opened at $100.76 on Friday. Allison Transmission Holdings, Inc. has a 1-year low of $71.35 and a 1-year high of $122.53. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The firm’s 50-day moving average price is $111.81 and its 200-day moving average price is $104.21. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 12.13 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.07%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 3rd. Allison Transmission’s dividend payout ratio is presently 12.03%.

Allison Transmission declared that its board has initiated a stock repurchase program on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.