Allison Transmission Holdings, Inc. $ALSN Shares Purchased by Algert Global LLC

Algert Global LLC raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 44.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,729 shares of the auto parts company’s stock after buying an additional 50,960 shares during the period. Algert Global LLC owned approximately 0.20% of Allison Transmission worth $13,982,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jane Street Group LLC lifted its stake in Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $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 purchasing an additional 11,542 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Allison Transmission during the 2nd quarter valued at $545,000. Police & Firemen s Retirement System of New Jersey raised its position in Allison Transmission by 4.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 32,819 shares of the auto parts company’s stock valued at $3,117,000 after buying an additional 1,416 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Allison Transmission during the 2nd quarter valued at about $1,031,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Down 0.2%

Shares of NYSE:ALSN opened at $112.84 on Monday. The stock has a market capitalization of $9.34 billion, a PE ratio of 15.39, a P/E/G ratio of 0.74 and a beta of 0.96. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $128.85. The firm has a fifty day moving average price of $113.71 and a 200 day moving average price of $97.11. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.0%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 9th. Allison Transmission’s dividend payout ratio is 15.83%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ALSN. Citigroup upped their target price on Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Raymond James Financial lifted their target price 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. Wells Fargo & Company boosted their price target on shares of Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Finally, Oppenheimer increased their price objective on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $111.11.

Insider Buying and Selling

In related news, insider Eric C. Scroggins sold 1,313 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the transaction, the insider directly owned 17,654 shares in the company, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP John Coll sold 1,791 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

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.