Private Advisor Group LLC Has $449,000 Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Private Advisor Group LLC lifted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,152 shares of the auto parts company’s stock after purchasing an additional 180 shares during the quarter. Private Advisor Group LLC’s holdings in Allison Transmission were worth $449,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ALSN. Global Retirement Partners LLC boosted its stake in Allison Transmission by 56.3% in the fourth quarter. Global Retirement Partners LLC now owns 752 shares of the auto parts company’s stock valued at $81,000 after buying an additional 271 shares in the last quarter. Convergence Investment Partners LLC boosted its stake in Allison Transmission by 115.6% in the fourth quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company’s stock valued at $1,507,000 after buying an additional 7,479 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Allison Transmission in the fourth quarter valued at about $30,000. Venturi Wealth Management LLC boosted its stake in Allison Transmission by 62.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,212 shares of the auto parts company’s stock valued at $131,000 after buying an additional 468 shares in the last quarter. Finally, Truist Financial Corp raised its position in Allison Transmission by 20.6% in the fourth quarter. Truist Financial Corp now owns 12,368 shares of the auto parts company’s stock valued at $1,337,000 after purchasing an additional 2,110 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Down 3.3 %

Shares of NYSE:ALSN opened at $98.42 on Tuesday. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 11.84 and a beta of 1.00. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The business’s 50 day moving average is $110.30 and its 200 day moving average is $105.27.

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 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, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

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

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.27 per share. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is 13.00%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s 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 sale, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALSN has been the subject of several research reports. The Goldman Sachs Group increased their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Morgan Stanley raised their price objective 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 Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. 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 research note on Wednesday, February 12th. Two research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $100.75.

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.