Park Avenue Securities LLC Invests $276,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Park Avenue Securities LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,552 shares of the auto parts company’s stock, valued at approximately $276,000.

A number of other hedge funds have also recently made changes to their positions in ALSN. Mercer Global Advisors Inc. ADV lifted its holdings in Allison Transmission by 111.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,101 shares of the auto parts company’s stock worth $463,000 after buying an additional 3,218 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Allison Transmission by 18.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,184 shares of the auto parts company’s stock valued at $318,000 after purchasing an additional 664 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Allison Transmission during the 2nd quarter valued at $217,000. Bank of Montreal Can lifted its stake in shares of Allison Transmission by 4.7% in the 2nd quarter. Bank of Montreal Can now owns 74,668 shares of the auto parts company’s stock worth $5,671,000 after purchasing an additional 3,350 shares during the period. Finally, AXA S.A. increased its position in Allison Transmission by 13.2% in the second quarter. AXA S.A. now owns 101,847 shares of the auto parts company’s stock worth $7,730,000 after buying an additional 11,914 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

Allison Transmission stock opened at $119.54 on Friday. The stock has a market capitalization of $10.35 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.90 and a beta of 1.00. The company’s fifty day moving average price is $114.19 and its 200 day moving average price is $100.72. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission Holdings, Inc. has a 1 year low of $58.77 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the prior year, the business earned $1.76 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.28 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio is presently 12.18%.

Analyst Ratings Changes

ALSN has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. The Goldman Sachs Group boosted their price target 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. Bank of America upped their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, Citigroup lowered their price target on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $101.38.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This represents a 19.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock valued at $2,683,537 over the last 90 days. 1.10% of the stock is owned by insiders.

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.