denkapparat Operations GmbH Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

denkapparat Operations GmbH bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,176 shares of the auto parts company’s stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors have also modified their holdings of ALSN. SRH Advisors LLC acquired a new position in Allison Transmission in the fourth quarter worth $26,000. World Investment Advisors LLC bought a new position in shares of Allison Transmission in the 3rd quarter worth $29,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission during the 4th quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allison Transmission in the fourth quarter valued at approximately $31,000. Finally, Quarry LP lifted its holdings in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ALSN shares. Morgan Stanley boosted their price target on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group upped 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. JPMorgan Chase & Co. reduced their target price on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. StockNews.com cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Citigroup reduced their price objective on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $102.00.

Allison Transmission Stock Down 0.2 %

NYSE ALSN opened at $99.18 on Friday. 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 company has a market cap of $8.48 billion, a price-to-earnings ratio of 11.93 and a beta of 1.02. The company has a 50 day moving average of $105.63 and a 200-day moving average of $106.12. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN) last announced 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%. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.09%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. Allison Transmission’s dividend payout ratio is presently 13.00%.

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

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Tuesday, December 31st. The stock was 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 in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following 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 disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.