Wealth Enhancement Advisory Services LLC Buys 5,745 Shares of Allison Transmission Holdings, Inc. $ALSN

Wealth Enhancement Advisory Services LLC increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 28.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 quarter.

Other large investors have also added to or reduced their stakes in the company. Tealwood Asset Management Inc. raised its stake in Allison Transmission by 0.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 29,006 shares of the auto parts company’s stock valued at $2,840,000 after buying an additional 142 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Allison Transmission by 3.1% in the 4th quarter. CWA Asset Management Group LLC now owns 20,671 shares of the auto parts company’s stock worth $2,024,000 after buying an additional 623 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in shares of Allison Transmission in the fourth quarter worth $236,000. GAMMA Investing LLC grew its holdings in shares of Allison Transmission by 3.9% in the fourth quarter. GAMMA Investing LLC now owns 3,514 shares of the auto parts company’s stock worth $344,000 after acquiring an additional 132 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Allison Transmission by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 377,739 shares of the auto parts company’s stock valued at $32,063,000 after acquiring an additional 23,025 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. 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 report on Wednesday, February 25th. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Finally, Oppenheimer boosted their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $112.00.

Allison Transmission Trading Up 1.6%

Shares of Allison Transmission stock opened at $118.95 on Thursday. The company has a market capitalization of $9.89 billion, a P/E ratio of 16.23, a P/E/G ratio of 0.77 and a beta of 0.96. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. The company has a fifty day moving average of $116.06 and a 200 day moving average of $99.45. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $128.85.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were paid a dividend of $0.29 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.16 annualized dividend and a yield of 1.0%. Allison Transmission’s dividend payout ratio is 15.83%.

Insider Buying and Selling

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the transaction, the insider directly owned 17,654 shares in the company, valued at $2,019,617.60. This represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Profile

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.