Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Wealth Enhancement Advisory Services LLC raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 28.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 25,902 shares of the auto parts company’s stock after purchasing an additional 5,745 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Allison Transmission were worth $2,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Tealwood Asset Management Inc. grew its position in shares of Allison Transmission by 0.5% during the fourth quarter. Tealwood Asset Management Inc. now owns 29,006 shares of the auto parts company’s stock valued at $2,840,000 after purchasing an additional 142 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in Allison Transmission by 3.1% during the fourth quarter. CWA Asset Management Group LLC now owns 20,671 shares of the auto parts company’s stock valued at $2,024,000 after buying an additional 623 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in Allison Transmission during the 4th quarter valued at approximately $236,000. GAMMA Investing LLC grew its holdings in Allison Transmission by 3.9% during the 4th quarter. GAMMA Investing LLC now owns 3,514 shares of the auto parts company’s stock valued at $344,000 after buying an additional 132 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Allison Transmission by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 377,739 shares of the auto parts company’s stock worth $32,063,000 after acquiring an additional 23,025 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ALSN shares. Raymond James Financial upped their price objective on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. Wells Fargo & Company raised their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Oppenheimer boosted their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Citigroup upped their price target on shares of Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $112.00.

Insiders Place Their Bets

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the sale, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. The trade was a 6.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Up 1.6%

NYSE:ALSN opened at $118.95 on Thursday. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $128.85. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. The stock has a fifty day simple moving average of $116.06 and a 200-day simple moving average of $99.45.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, March 9th. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio (DPR) is 15.83%.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.