26,168 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by Denali Advisors LLC

Denali Advisors LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,168 shares of the auto parts company’s stock, valued at approximately $2,827,000.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Allison Transmission by 7.9% in the 3rd quarter. Creative Planning now owns 5,161 shares of the auto parts company’s stock worth $496,000 after purchasing an additional 380 shares during the period. Private Advisor Group LLC raised its holdings in shares of Allison Transmission by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after purchasing an additional 167 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Allison Transmission by 46.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,270 shares of the auto parts company’s stock worth $1,467,000 after purchasing an additional 4,837 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Allison Transmission by 0.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 100,752 shares of the auto parts company’s stock worth $9,612,000 after purchasing an additional 391 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Allison Transmission by 43.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 36,985 shares of the auto parts company’s stock worth $3,553,000 after purchasing an additional 11,119 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALSN has been the topic of a number of research reports. 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 report on Tuesday, December 17th. Bank of America raised their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Oppenheimer raised their target price on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $100.75.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 11,590 shares of Allison Transmission stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,165,413.52. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the firm’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 completion of the sale, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $99.41 on Wednesday. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The business has a 50 day moving average price of $111.17 and a two-hundred day moving average price of $104.73. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The firm has a market cap of $8.50 billion, a PE ratio of 11.96 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.27 dividend. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.09%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.03%.

Allison Transmission announced that its Board of Directors has initiated 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 reacquire up to 57.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is 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.