Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,113 shares of the auto parts company’s stock after buying an additional 51,965 shares during the period. Victory Capital Management Inc.’s holdings in Allison Transmission were worth $32,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. DGS Capital Management LLC lifted its position in Allison Transmission by 2.5% during the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock valued at $370,000 after buying an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Allison Transmission by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock valued at $1,661,000 after purchasing an additional 100 shares during the period. Amalgamated Bank raised its stake in shares of Allison Transmission by 1.6% during the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company’s stock valued at $690,000 after purchasing an additional 103 shares during the period. Quarry LP raised its stake in shares of Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Allison Transmission by 3.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock valued at $355,000 after purchasing an additional 126 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the transaction, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALSN. Morgan Stanley lifted 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. The Goldman Sachs Group lifted 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. Citigroup dropped their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $100.75.

Allison Transmission Stock Up 2.2 %

Shares of NYSE:ALSN opened at $98.12 on Monday. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The company has a fifty day simple moving average of $109.32 and a 200 day simple moving average of $105.56. The firm has a market cap of $8.39 billion, a PE ratio of 11.81 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, March 3rd. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s payout ratio is currently 13.00%.

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.