Inceptionr LLC Acquires New Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Inceptionr LLC acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,952 shares of the auto parts company’s stock, valued at approximately $211,000.

Other large investors also recently bought and sold shares of the company. SRH Advisors LLC purchased a new stake in Allison Transmission during the 4th quarter valued at about $26,000. World Investment Advisors LLC purchased a new stake in Allison Transmission during the 3rd quarter valued at about $29,000. Kestra Investment Management LLC purchased a new stake in Allison Transmission during the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Allison Transmission during the 4th quarter valued at about $31,000. Finally, Quarry LP grew its stake in Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

ALSN has been the subject of several research reports. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group increased their price target 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. Morgan Stanley increased their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Citigroup dropped their price target on shares of 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 equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $100.75.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the sale, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $96.06 on Tuesday. The firm’s 50 day moving average price is $109.08 and its 200-day moving average price is $105.62. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The firm has a market cap of $8.21 billion, a P/E ratio of 11.56 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.27 dividend. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, March 3rd. Allison Transmission’s dividend payout ratio is currently 13.00%.

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

About Allison Transmission

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.