2,324 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by Optivise Advisory Services LLC

Optivise Advisory Services LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the first quarter, HoldingsChannel reports. The fund bought 2,324 shares of the auto parts company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Transce3nd LLC acquired a new stake in Allison Transmission during the 4th quarter valued at approximately $25,000. Kestra Investment Management LLC acquired a new position in Allison Transmission during the fourth quarter valued at $30,000. Vermillion Wealth Management Inc. purchased a new stake in Allison Transmission in the fourth quarter valued at $31,000. MassMutual Private Wealth & Trust FSB grew its position in Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 392 shares during the period. Finally, Whittier Trust Co. purchased a new position in shares of Allison Transmission during the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling

In other news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now directly owns 15,388 shares of the company’s stock, valued at $1,466,938.04. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the transaction, the vice president now directly owns 11,924 shares of the company’s stock, valued at approximately $1,254,881.76. This represents a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Allison Transmission Trading Down 1.4%

Shares of ALSN stock opened at $92.08 on Thursday. Allison Transmission Holdings, Inc. has a 1-year low of $73.65 and a 1-year high of $122.53. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 10.66 and a beta of 1.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37. The stock has a 50 day simple moving average of $97.86 and a 200-day simple moving average of $103.42.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.90 EPS. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its Board of Directors has initiated a stock repurchase program on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.17%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.50%.

Analysts Set New Price Targets

A number of analysts have recently commented on ALSN shares. Robert W. Baird lowered their target price on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group upped their price objective on Allison Transmission from $80.00 to $90.00 and gave the stock a “sell” rating in a research report on Tuesday, May 27th. Citigroup cut their target price on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Finally, Bank of America raised their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $98.38.

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.