Villanova Investment Management Co LLC Purchases 2,015 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Villanova Investment Management Co LLC raised its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,645 shares of the auto parts company’s stock after purchasing an additional 2,015 shares during the period. Allison Transmission accounts for about 2.0% of Villanova Investment Management Co LLC’s holdings, making the stock its 19th biggest position. Villanova Investment Management Co LLC’s holdings in Allison Transmission were worth $2,231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SRH Advisors LLC purchased 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 during the third quarter valued at $29,000. Kestra Investment Management LLC bought a new stake in Allison Transmission in the 4th quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission in the 4th quarter worth $31,000. Finally, Quarry LP grew its position in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after buying an additional 114 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALSN. Morgan Stanley boosted their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. StockNews.com downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group boosted their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Finally, Citigroup decreased their price target on shares of Allison Transmission from $115.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $101.13.

Allison Transmission Stock Down 0.4 %

Shares of NYSE ALSN opened at $95.69 on Tuesday. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 11.51 and a beta of 1.02. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The stock’s 50-day simple moving average is $104.69 and its 200-day simple moving average is $106.52. 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 issued its 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 return on equity of 47.95% and a net margin of 22.67%. As a group, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio is 13.00%.

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

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

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.