Oak Thistle LLC Invests $549,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Oak Thistle LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,446 shares of the auto parts company’s stock, valued at approximately $549,000.

Several other hedge funds also recently modified their holdings of ALSN. Norges Bank acquired a new position in shares of Allison Transmission during the 4th quarter worth $49,812,000. Balyasny Asset Management LLC acquired a new position in shares of Allison Transmission during the 3rd quarter worth $16,514,000. AQR Capital Management LLC grew its stake in Allison Transmission by 18.9% in the 4th quarter. AQR Capital Management LLC now owns 2,244,170 shares of the auto parts company’s stock valued at $92,639,000 after buying an additional 357,322 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in Allison Transmission in the 2nd quarter valued at $19,309,000. Finally, Two Sigma Investments LP acquired a new position in Allison Transmission in the 4th quarter valued at $13,939,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In other news, VP Dana Jh Pittard sold 2,686 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the transaction, the vice president now directly owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the transaction, the vice president now directly owns 14,456 shares of the company’s stock, valued at approximately $1,089,982.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dana Jh Pittard sold 2,686 shares of Allison Transmission stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the transaction, the vice president now directly owns 5,143 shares of the company’s stock, valued at $374,616.12. The disclosure for this sale can be found here. In the last three months, insiders sold 87,843 shares of company stock valued at $6,244,562. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ALSN. Oppenheimer raised their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird raised their target price on shares of Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $48.00 to $55.00 and gave the company a “sell” rating in a research note on Thursday, February 15th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Finally, Morgan Stanley began coverage on shares of Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and an average target price of $63.88.

Read Our Latest Research Report on Allison Transmission

Allison Transmission Stock Performance

NYSE ALSN opened at $82.22 on Thursday. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 1.51 and a beta of 1.03. The company’s fifty day moving average is $71.90 and its two-hundred day moving average is $61.86. Allison Transmission Holdings, Inc. has a 52-week low of $43.02 and a 52-week high of $82.56.

Allison Transmission (NYSE:ALSNGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.49. The company had revenue of $775.00 million during the quarter, compared to the consensus estimate of $744.00 million. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 7.64 EPS for the current year.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 1st. Allison Transmission’s dividend payout ratio (DPR) is presently 13.44%.

Allison Transmission Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.