Lingohr Asset Management GmbH Invests $297,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Lingohr Asset Management GmbH acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,750 shares of the auto parts company’s stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its position in shares of Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after buying an additional 2,493,310 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Allison Transmission by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after purchasing an additional 79,506 shares in the last quarter. State Street Corp boosted its holdings in Allison Transmission by 0.8% in the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock valued at $161,597,000 after purchasing an additional 13,252 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Allison Transmission by 7.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company’s stock valued at $114,690,000 after purchasing an additional 69,008 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after purchasing an additional 233,214 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALSN. JPMorgan Chase & Co. lowered their price target on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday. The Goldman Sachs Group upped their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Morgan Stanley increased their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, Citigroup decreased their price objective on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Two 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. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus price target of $102.00.

Allison Transmission Price Performance

Allison Transmission stock opened at $99.17 on Thursday. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The business has a 50 day simple moving average of $107.37 and a 200-day simple moving average of $105.81. The stock has a market capitalization of $8.48 billion, a PE ratio of 11.93 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results 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 return on equity of 47.95% and a net margin of 22.67%. Equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio is 13.00%.

Allison Transmission declared that its board has initiated a stock buyback program on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the 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 completion of the transaction, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.