Citigroup Inc. Has $5.63 Million Stock Position in Allison Transmission Holdings, Inc. $ALSN

Citigroup Inc. increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,377 shares of the auto parts company’s stock after purchasing an additional 6,087 shares during the quarter. Citigroup Inc. owned about 0.08% of Allison Transmission worth $5,634,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Allison Transmission by 18.9% in the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after acquiring an additional 304,974 shares during the last quarter. State Street Corp lifted its position in Allison Transmission by 1.1% during the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock valued at $156,951,000 after purchasing an additional 17,783 shares during the period. Federated Hermes Inc. boosted its stake in shares of Allison Transmission by 35.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after purchasing an additional 406,540 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of Allison Transmission by 128.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after buying an additional 683,035 shares during the period. Finally, Norges Bank bought a new stake in shares of Allison Transmission during the second quarter worth approximately $100,347,000. Institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent research reports. Raymond James Financial raised their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Monday, December 22nd. JPMorgan Chase & Co. raised their price target on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Wells Fargo & Company lifted their price objective on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Citigroup raised their target price on Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $111.11.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $124.80 on Wednesday. The stock’s fifty day simple moving average is $110.91 and its 200 day simple moving average is $95.48. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $10.33 billion, a PE ratio of 17.03, a PEG ratio of 0.83 and a beta of 0.96. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $127.11.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, March 9th. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio (DPR) is currently 14.73%.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.