Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lifted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 120.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,339 shares of the auto parts company’s stock after acquiring an additional 5,644 shares during the period. Brevan Howard Capital Management LP’s holdings in Allison Transmission were worth $1,117,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC raised its position in Allison Transmission by 23.4% in the third quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock valued at $5,902,000 after purchasing an additional 11,666 shares during the period. World Investment Advisors LLC acquired a new position in shares of Allison Transmission during the third quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Allison Transmission during the third quarter worth about $67,000. Franklin Resources Inc. grew its position in shares of Allison Transmission by 46.8% in the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after acquiring an additional 79,745 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Allison Transmission by 36.7% during the fourth quarter. GAMMA Investing LLC now owns 1,412 shares of the auto parts company’s stock valued at $153,000 after buying an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $97.26 on Thursday. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 11.70 and a beta of 0.97. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The stock’s fifty day simple moving average is $93.67 and its 200 day simple moving average is $105.37.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.26. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The firm had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. During the same quarter in the previous year, the company earned $1.90 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. Allison Transmission’s payout ratio is 12.50%.

Allison Transmission announced that its board has authorized a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

ALSN has been the topic of several recent analyst reports. StockNews.com raised Allison Transmission from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. Citigroup lowered their target price on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley increased their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, Raymond James decreased their price target on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $98.63.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 4,546 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This represents a 24.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 1,788 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares of the company’s stock, valued at $1,466,938.04. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.