Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,529 shares of the auto parts company’s stock after buying an additional 612 shares during the period. Oppenheimer & Co. Inc.’s holdings in Allison Transmission were worth $1,570,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. SRH Advisors LLC purchased a new stake in Allison Transmission during the 4th quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in Allison Transmission in the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission in the 4th quarter valued at about $31,000. Quarry LP raised its stake in Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after purchasing an additional 396 shares during the last quarter. 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 several analyst reports. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Citigroup cut their target price 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, Morgan Stanley boosted their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $100.75.

Allison Transmission Stock Down 3.3 %

ALSN opened at $98.42 on Tuesday. 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 stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 11.84 and a beta of 1.00. The business has a 50-day moving average of $110.30 and a two-hundred day moving average of $105.27. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS 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%. On average, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s payout ratio is presently 13.00%.

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

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Allison Transmission 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.