Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 333,198 shares of the auto parts company’s stock after acquiring an additional 25,235 shares during the period. Wedge Capital Management L L P NC’s holdings in Allison Transmission were worth $19,375,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ALSN. London Co. of Virginia boosted its stake in Allison Transmission by 1.1% during the 3rd quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company’s stock worth $142,576,000 after purchasing an additional 26,316 shares during the last quarter. Boston Partners grew its stake in Allison Transmission by 1.7% during the 3rd quarter. Boston Partners now owns 1,747,514 shares of the auto parts company’s stock valued at $102,250,000 after acquiring an additional 29,912 shares in the last quarter. Invesco Ltd. raised its holdings in Allison Transmission by 17.8% in the 3rd quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock valued at $87,264,000 after acquiring an additional 222,863 shares during the last quarter. Federated Hermes Inc. raised its holdings in Allison Transmission by 62.5% in the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock valued at $47,207,000 after acquiring an additional 307,322 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Allison Transmission by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 674,416 shares of the auto parts company’s stock worth $39,831,000 after purchasing an additional 36,171 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the transaction, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now owns 125,479 shares in the company, valued at $8,855,053.03. The disclosure for this sale can be found here. Insiders sold a total of 87,843 shares of company stock worth $6,244,562 over the last ninety days. Company insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALSN. Morgan Stanley assumed coverage on Allison Transmission in a report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price target for the company. JPMorgan Chase & Co. raised their target price on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Robert W. Baird raised their price objective on shares of Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Oppenheimer lifted their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and a consensus price target of $65.88.

Allison Transmission Stock Up 0.1 %

Shares of ALSN opened at $79.23 on Tuesday. The company’s 50-day moving average price is $77.02 and its 200 day moving average price is $63.86. Allison Transmission Holdings, Inc. has a 12-month low of $44.68 and a 12-month high of $83.42. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03. The firm has a market cap of $6.94 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The business had revenue of $775.00 million for the quarter, compared to the consensus estimate of $744.00 million. During the same period in the previous year, the firm earned $1.52 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 7.76 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 1st. Allison Transmission’s dividend payout ratio is 13.44%.

About Allison Transmission

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.