Sowell Financial Services LLC Buys New Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sowell Financial Services LLC bought a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,731 shares of the auto parts company’s stock, valued at approximately $2,132,000.

Other large investors also recently added to or reduced their stakes in the company. Smith Group Asset Management LLC bought a new stake in Allison Transmission during the fourth quarter valued at approximately $2,161,000. Allspring Global Investments Holdings LLC lifted its holdings in 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 valued at $31,643,000 after purchasing an additional 46,435 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in 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 purchasing an additional 4,261 shares in the last quarter. Convergence Investment Partners LLC lifted its holdings in Allison Transmission by 115.6% during 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 purchasing an additional 7,479 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in Allison Transmission during the third quarter valued at approximately $947,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

ALSN stock opened at $98.12 on Monday. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The company’s fifty day moving average price is $109.32 and its 200-day moving average price is $105.56. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The company has a market capitalization of $8.39 billion, a PE ratio of 11.81 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

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

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.27 per share. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. Allison Transmission’s dividend payout ratio is presently 13.00%.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction 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 owns 6,420 shares of the company’s stock, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on shares of 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 shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Citigroup lowered their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $100.75.

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.