Allison Transmission Holdings, Inc. $ALSN Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,907,768 shares of the auto parts company’s stock after purchasing an additional 32,996 shares during the period. Dimensional Fund Advisors LP owned approximately 2.29% of Allison Transmission worth $161,926,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in Allison Transmission by 341.3% in the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after buying an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Allison Transmission by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after acquiring an additional 11,542 shares in the last quarter. Bank of Montreal Can boosted its position in Allison Transmission by 2.6% during the 2nd quarter. Bank of Montreal Can now owns 70,863 shares of the auto parts company’s stock worth $6,731,000 after acquiring an additional 1,824 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Allison Transmission by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 638,600 shares of the auto parts company’s stock worth $60,661,000 after purchasing an additional 55,952 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Allison Transmission by 42.3% in the second quarter. Penserra Capital Management LLC now owns 5,581 shares of the auto parts company’s stock worth $530,000 after purchasing an additional 1,658 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Citigroup raised their target price on shares of Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.11.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.

Allison Transmission Trading Up 0.0%

Shares of ALSN stock opened at $116.95 on Tuesday. The stock has a 50-day simple moving average of $112.52 and a 200 day simple moving average of $96.42. The stock has a market capitalization of $9.68 billion, a P/E ratio of 15.96, a P/E/G ratio of 0.77 and a beta of 0.96. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $128.85. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio is presently 14.73%.

Allison Transmission 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.