AlphaQuest LLC Lowers Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

AlphaQuest LLC lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 61.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,590 shares of the auto parts company’s stock after selling 10,575 shares during the quarter. AlphaQuest LLC’s holdings in Allison Transmission were worth $712,000 at the end of the most recent quarter.

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

Allison Transmission Trading Up 1.2 %

ALSN stock opened at $97.19 on Wednesday. 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 $108.87 and a two-hundred day moving average price of $105.66. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 11.70 and a beta of 1.02.

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

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.11%. Allison Transmission’s dividend payout ratio is presently 13.00%.

Allison Transmission declared that its board has authorized a stock repurchase 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 reacquire up to 57.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of research reports. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group upped their price objective 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 decreased 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 report on Wednesday, February 12th. Finally, Morgan Stanley upped their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $100.75.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the 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 completion of the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. This represents a 23.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company 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.