Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,527 shares of the auto parts company’s stock after buying an additional 3,605 shares during the period. Level Four Advisory Services LLC owned approximately 0.09% of Allison Transmission worth $8,702,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SRH Advisors LLC acquired a new position in Allison Transmission in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new position in Allison Transmission during the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Allison Transmission in the fourth quarter valued at about $31,000. Quarry LP boosted 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 buying an additional 114 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in Allison Transmission by 1,650.0% in the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after buying an additional 396 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the transaction, the vice president now directly owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ALSN shares. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. dropped their price target 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. StockNews.com downgraded Allison Transmission from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup cut their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Finally, 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 note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $102.00.

Allison Transmission Stock Down 0.2 %

Allison Transmission stock opened at $99.18 on Friday. The stock has a fifty day moving average of $105.63 and a 200 day moving average of $106.12. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. 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 has a market cap of $8.48 billion, a PE ratio of 11.93 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results 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%. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

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

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.09%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Allison Transmission Company 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.