New Age Alpha Advisors LLC Invests $143,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

New Age Alpha Advisors LLC purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,323 shares of the auto parts company’s stock, valued at approximately $143,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DGS Capital Management LLC increased its holdings in Allison Transmission by 2.5% in the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock valued at $370,000 after buying an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock valued at $1,661,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System raised its holdings in Allison Transmission by 0.4% during the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company’s stock worth $2,733,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank boosted its position in Allison Transmission by 1.6% during the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company’s stock worth $690,000 after purchasing an additional 103 shares in the last quarter. Finally, Quarry LP grew its holdings in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ALSN shares. StockNews.com downgraded Allison Transmission from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. reduced their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Citigroup dropped their price objective on shares of Allison Transmission from $115.00 to $108.00 and set a “neutral” rating for the company in a research note on Monday. The Goldman Sachs Group upped their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley raised their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.13.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission 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 transaction, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Price Performance

ALSN stock opened at $98.96 on Thursday. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 11.91 and a beta of 0.95. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The stock’s fifty day simple moving average is $103.81 and its 200-day simple moving average is $106.54.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.09%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. Allison Transmission’s payout ratio is presently 13.00%.

Allison Transmission declared that its board has authorized a stock repurchase plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.