TD Private Client Wealth LLC Purchases 157 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

TD Private Client Wealth LLC grew its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,537 shares of the auto parts company’s stock after buying an additional 157 shares during the period. TD Private Client Wealth LLC’s holdings in Allison Transmission were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Smith Group Asset Management LLC bought a new position in Allison Transmission during the fourth quarter worth about $2,161,000. Allspring Global Investments Holdings LLC lifted its position in shares of Allison Transmission by 18.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company’s stock valued at $31,643,000 after buying an additional 46,435 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Allison Transmission by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock worth $9,333,000 after acquiring an additional 4,261 shares during the period. Convergence Investment Partners LLC increased its holdings in shares of Allison Transmission by 115.6% during the 4th quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company’s stock worth $1,507,000 after acquiring an additional 7,479 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Allison Transmission by 46.8% in the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after acquiring an additional 79,745 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALSN has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Finally, Citigroup lowered their target price on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Two equities 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.00.

Allison Transmission Stock Up 3.8 %

Shares of ALSN opened at $100.33 on Tuesday. 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 stock has a market capitalization of $8.58 billion, a PE ratio of 12.07 and a beta of 1.02. The firm’s 50 day moving average is $106.65 and its 200-day moving average is $106.11. 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, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

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

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

Insider Buying and Selling at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was 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 $1,360,075.60. This represents a 24.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the transaction, 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. 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.