Nisa Investment Advisors LLC Purchases 14,540 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Nisa Investment Advisors LLC lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 39.3% in the 4th quarter, Holdings Channel reports. The fund owned 51,525 shares of the auto parts company’s stock after buying an additional 14,540 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Allison Transmission were worth $5,568,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management lifted its stake in shares of Allison Transmission by 40.0% during the 4th quarter. Sheets Smith Wealth Management now owns 6,981 shares of the auto parts company’s stock valued at $754,000 after buying an additional 1,996 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Allison Transmission during the fourth quarter worth $224,000. Solidarity Wealth LLC boosted its holdings in shares of Allison Transmission by 0.8% in the fourth quarter. Solidarity Wealth LLC now owns 225,731 shares of the auto parts company’s stock worth $24,392,000 after acquiring an additional 1,779 shares during the period. Artemis Investment Management LLP boosted its stake in Allison Transmission by 88.9% in the 4th quarter. Artemis Investment Management LLP now owns 90,468 shares of the auto parts company’s stock worth $9,776,000 after purchasing an additional 42,574 shares during the period. Finally, Aaron Wealth Advisors LLC grew its holdings in Allison Transmission by 10.1% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,853 shares of the auto parts company’s stock valued at $308,000 after buying an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were 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 of the company’s stock, valued at $695,928. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Graziosi sold 5,326 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,280,219.96. The trade was a 3.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,639 shares of company stock valued at $2,683,537. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALSN. Morgan Stanley raised their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. The Goldman Sachs Group increased their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Bank of America boosted their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer raised their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.38.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $119.54 on Friday. The firm has a market capitalization of $10.35 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 12 month low of $58.77 and a 12 month high of $122.53. The business’s 50-day moving average price is $114.19 and its 200-day moving average price is $100.53.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 8.28 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.84%. Allison Transmission’s payout ratio is 12.18%.

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.