Cetera Investment Advisers Boosts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cetera Investment Advisers lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,822 shares of the auto parts company’s stock after purchasing an additional 1,209 shares during the period. Cetera Investment Advisers’ holdings in Allison Transmission were worth $1,818,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ALSN. Barclays PLC boosted its holdings in shares of Allison Transmission by 23.4% during the third quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock worth $5,902,000 after purchasing an additional 11,666 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Allison Transmission during the fourth quarter worth about $276,000. Merit Financial Group LLC purchased a new stake in shares of Allison Transmission during the fourth quarter worth about $260,000. HB Wealth Management LLC raised its stake in Allison Transmission by 5.3% in the fourth quarter. HB Wealth Management LLC now owns 4,772 shares of the auto parts company’s stock worth $516,000 after buying an additional 242 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in Allison Transmission by 10.1% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,853 shares of the auto parts company’s stock worth $308,000 after buying an additional 262 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

ALSN stock opened at $106.12 on Tuesday. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 12.77 and a beta of 0.97. 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 50 day moving average price of $94.71 and a 200-day moving average price of $105.53. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 earnings per share. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its board has approved a share repurchase program on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, May 19th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.50%.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company’s stock, valued at approximately $1,466,938.04. The trade was a 10.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now directly 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 position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALSN shares. StockNews.com raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Morgan Stanley increased their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Robert W. Baird decreased their price target on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Citigroup decreased their price target on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Raymond James decreased their price target on shares of Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission has an average rating of “Hold” and a consensus target price of $98.63.

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.