First Trust Advisors LP boosted its position in Allison Transmission Holdings Inc (NYSE:ALSN) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,528 shares of the auto parts company’s stock after buying an additional 1,474 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of Allison Transmission worth $3,296,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in Allison Transmission by 302.6% in the 4th quarter. Teacher Retirement System of Texas now owns 45,384 shares of the auto parts company’s stock valued at $1,955,000 after buying an additional 34,112 shares during the last quarter. NorthCoast Asset Management LLC acquired a new position in shares of Allison Transmission during the 4th quarter worth approximately $1,716,000. American Century Companies Inc. increased its position in shares of Allison Transmission by 98.1% during the 4th quarter. American Century Companies Inc. now owns 532,381 shares of the auto parts company’s stock worth $22,930,000 after purchasing an additional 263,674 shares during the last quarter. Murphy Pohlad Asset Management LLC acquired a new position in shares of Allison Transmission during the 4th quarter worth approximately $2,145,000. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Allison Transmission by 257.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,011 shares of the auto parts company’s stock worth $647,000 after purchasing an additional 10,811 shares during the last quarter.
Allison Transmission Holdings Inc (NYSE ALSN) opened at $38.56 on Wednesday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.15 and a current ratio of 1.52. The firm has a market capitalization of $5,379.96, a P/E ratio of 14.17, a P/E/G ratio of 1.12 and a beta of 1.21. Allison Transmission Holdings Inc has a 1-year low of $32.93 and a 1-year high of $45.69.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, February 16th. Allison Transmission’s payout ratio is presently 17.60%.
Several research analysts have weighed in on ALSN shares. Bank of America set a $52.00 price target on Allison Transmission and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Piper Jaffray Companies set a $26.00 price target on Allison Transmission and gave the stock a “sell” rating in a research report on Friday, November 17th. Zacks Investment Research lowered Allison Transmission from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus set a $44.00 price target on Allison Transmission and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, William Blair reaffirmed a “buy” rating on shares of Allison Transmission in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Allison Transmission has a consensus rating of “Hold” and an average price target of $43.82.
In related news, insider David S. Graziosi sold 46,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.03, for a total transaction of $2,080,386.00. Following the transaction, the insider now directly owns 240,323 shares of the company’s stock, valued at approximately $10,821,744.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James A. Star sold 640,835 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $44.39, for a total value of $28,446,665.65. Following the transaction, the director now directly owns 41,450 shares in the company, valued at $1,839,965.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,399,429 shares of company stock worth $149,485,666 over the last three months. 7.90% of the stock is owned by insiders.
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Allison Transmission Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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