Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 956,691 shares of the auto parts company’s stock after buying an additional 36,065 shares during the period. Federated Hermes Inc.’s holdings in Allison Transmission were worth $103,380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALSN. SRH Advisors LLC acquired a new position in Allison Transmission during the fourth quarter worth $26,000. World Investment Advisors LLC acquired a new position in shares of Allison Transmission during the 3rd quarter worth about $29,000. Kestra Investment Management LLC purchased a new position in Allison Transmission in the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Allison Transmission in the 4th quarter worth about $31,000. Finally, Quarry LP increased its stake in Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 1,788 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the transaction, the vice president now directly owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Allison Transmission Trading Down 4.9 %

ALSN opened at $86.01 on Monday. The business’s 50 day moving average price is $102.54 and its 200 day moving average price is $106.66. 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 stock has a market capitalization of $7.33 billion, a PE ratio of 10.35 and a beta of 0.95. Allison Transmission Holdings, Inc. has a one year low of $40.26 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its board has approved a stock buyback program on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to reacquire up to 57.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.26%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. Allison Transmission’s payout ratio is 13.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ALSN shares. JPMorgan Chase & Co. decreased their target price on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. StockNews.com cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Citigroup reduced their target price on shares of Allison Transmission from $115.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. Morgan Stanley boosted their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $101.13.

Allison Transmission 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.