Allison Transmission Holdings, Inc. (NYSE:ALSN) Holdings Boosted by Swiss National Bank

Swiss National Bank boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 171,400 shares of the auto parts company’s stock after acquiring an additional 600 shares during the period. Swiss National Bank’s holdings in Allison Transmission were worth $18,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in shares of Allison Transmission during the third quarter valued at approximately $560,000. Victory Capital Management Inc. raised its holdings in shares of Allison Transmission by 86.7% during the third quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company’s stock valued at $23,551,000 after buying an additional 113,868 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Allison Transmission by 133.0% during the third quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock valued at $1,337,000 after buying an additional 7,944 shares during the last quarter. KBC Group NV raised its holdings in shares of Allison Transmission by 15.0% during the third quarter. KBC Group NV now owns 2,221 shares of the auto parts company’s stock valued at $213,000 after buying an additional 290 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Allison Transmission during the third quarter valued at approximately $244,000. Institutional investors own 96.90% of the company’s stock.

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. The trade was a 24.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Trading Up 0.4 %

Allison Transmission stock opened at $97.67 on Wednesday. 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 firm has a market cap of $8.35 billion, a price-to-earnings ratio of 11.75 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The firm’s 50 day moving average price is $107.59 and its two-hundred day moving average price is $105.86.

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

Allison Transmission declared that its board has authorized a stock repurchase program 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 repurchase up to 57.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.27 dividend. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.11%. Allison Transmission’s payout ratio is 13.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ALSN. Citigroup cut their price target on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday. The Goldman Sachs Group raised their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley raised their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $102.00.

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.