KLP Kapitalforvaltning AS Purchases Shares of 25,600 Allison Transmission Holdings, Inc. (NYSE:ALSN)

KLP Kapitalforvaltning AS acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,600 shares of the auto parts company’s stock, valued at approximately $2,766,000.

Several other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC lifted its position in Allison Transmission by 4.6% in the fourth quarter. TD Private Client Wealth LLC now owns 3,537 shares of the auto parts company’s stock valued at $382,000 after acquiring an additional 157 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $61,000. Lingohr Asset Management GmbH purchased a new stake in shares of Allison Transmission in the 4th quarter valued at about $297,000. Magnetar Financial LLC acquired a new stake in shares of Allison Transmission in the 4th quarter valued at about $739,000. Finally, Teacher Retirement System of Texas grew its stake in Allison Transmission by 14.5% during the 4th quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company’s stock worth $5,729,000 after buying an additional 6,728 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

In other news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Performance

NYSE ALSN opened at $99.25 on Thursday. 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 business’s 50 day moving average is $106.00 and its two-hundred day moving average is $106.16. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 11.94 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 announced 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 return on equity of 47.95% and a net margin of 22.67%. Research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

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

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.27 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.09%. Allison Transmission’s dividend payout ratio (DPR) is 13.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Citigroup reduced their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley lifted their target price on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $102.00.

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.