TD Private Client Wealth LLC Has $382,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

TD Private Client Wealth LLC grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,537 shares of the auto parts company’s stock after buying an additional 157 shares during the quarter. TD Private Client Wealth LLC’s holdings in Allison Transmission were worth $382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smith Group Asset Management LLC bought a new position in Allison Transmission in the 4th quarter worth approximately $2,161,000. Allspring Global Investments Holdings LLC raised its position in shares of Allison Transmission by 18.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company’s stock worth $31,643,000 after acquiring an additional 46,435 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Allison Transmission by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after acquiring an additional 4,261 shares during the period. Convergence Investment Partners LLC boosted its holdings 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 acquiring an additional 7,479 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Allison Transmission by 46.8% in the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after purchasing an additional 79,745 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were 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 of the company’s stock, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was 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 trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Up 3.8 %

Shares of Allison Transmission stock opened at $100.33 on Tuesday. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year 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 company has a market capitalization of $8.58 billion, a P/E ratio of 12.07 and a beta of 1.02. The business has a 50-day moving average of $106.65 and a two-hundred day moving average of $106.11.

Allison Transmission (NYSE:ALSN) last announced its 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 net margin of 22.67% and a return on equity of 47.95%. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission announced that its board has initiated a stock repurchase program 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 buy up to 57.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.08%. 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%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ALSN shares. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Citigroup cut their price target on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley upped 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, JPMorgan Chase & Co. decreased their target price on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $102.00.

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.