Inceptionr LLC Makes New $211,000 Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Inceptionr LLC purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,952 shares of the auto parts company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Allison Transmission during the fourth quarter valued at $41,081,000. Arizona State Retirement System grew its holdings in shares of Allison Transmission by 0.4% during the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company’s stock valued at $2,733,000 after buying an additional 100 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Allison Transmission during the fourth quarter valued at $42,000. Cookson Peirce & Co. Inc. grew its holdings in shares of Allison Transmission by 55.0% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 11,094 shares of the auto parts company’s stock valued at $1,199,000 after buying an additional 3,936 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Allison Transmission by 21.2% during the fourth quarter. Victory Capital Management Inc. now owns 297,113 shares of the auto parts company’s stock valued at $32,106,000 after buying an additional 51,965 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALSN. The Goldman Sachs Group boosted 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. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Morgan Stanley boosted their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Citigroup decreased their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $100.75.

Allison Transmission Trading Down 2.0 %

Shares of Allison Transmission stock opened at $96.06 on Tuesday. The firm has a 50-day simple moving average of $109.08 and a two-hundred day simple moving average of $105.62. The company has a market cap of $8.21 billion, a P/E ratio of 11.56 and a beta of 1.02. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data 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 net margin of 22.67% and a return on equity of 47.95%. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio is 13.00%.

Allison Transmission announced that its board has approved a share repurchase program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.

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.