Linden Thomas Advisory Services LLC Raises Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Linden Thomas Advisory Services LLC increased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 28,133 shares of the auto parts company’s stock after buying an additional 1,597 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Allison Transmission were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of ALSN. Global Retirement Partners LLC raised its stake in shares of Allison Transmission by 1,706.7% during the 3rd quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock valued at $32,000 after buying an additional 512 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Allison Transmission by 222.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 416 shares in the last quarter. Quent Capital LLC increased its stake in shares of Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Allison Transmission by 1,538.6% in the 3rd quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 677 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN stock traded down $0.44 during trading hours on Wednesday, reaching $79.31. The company had a trading volume of 264,012 shares, compared to its average volume of 659,025. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The stock has a fifty day moving average of $77.38 and a 200-day moving average of $64.01. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.46 and a beta of 1.03. Allison Transmission Holdings, Inc. has a 12-month low of $44.68 and a 12-month high of $83.42.

Allison Transmission (NYSE:ALSN) last posted 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. The business had revenue of $775.00 million during the quarter, compared to analyst estimates of $744.00 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 7.74 earnings per share for the current year.

Allison Transmission Increases Dividend

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

Insider Activity

In related news, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the transaction, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Niekerk Teresa Van sold 6,241 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $74.87, for a total value of $467,263.67. Following the transaction, the vice president now owns 21,112 shares in the company, valued at $1,580,655.44. The disclosure for this sale can be found here. Insiders sold 87,843 shares of company stock worth $6,244,562 over the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the subject of several recent analyst reports. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Robert W. Baird boosted their price objective on Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Oppenheimer boosted their price objective on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Morgan Stanley initiated coverage on Allison Transmission in a research note on Monday, January 8th. They set an “equal weight” rating and a $62.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $65.88.

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.