Allison Transmission Holdings (ALSN) to Buyback $500.00 million in Shares

Marco Green
November 14, 2017

Algert Global Llc sold 10,278 shares as Allison Transmission Hldgs I (ALSN)'s stock rose 0.35%. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued. Artemis Invest Mgmt Ltd Liability Partnership invested 0.06% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN). The stock declined 0.62% or $0.41 reaching $66.08 on the news. Principal Grp Incorporated owns 1.71 million shares or 0.06% of their USA portfolio. (NYSE:ALSN) in the last month has increased +12.36%. It has outperformed by 21.65% the S&P500. November 2 investment analysts at Royal Bank Of Canada kept a "Buy" rating on the company. Therefore 100% are positive. The stock has "Neutral" rating by JP Morgan on Thursday, August 17. RBC Capital Markets maintained the shares of SNC in report on Friday, January 8 with "Outperform" rating. Shareholders of record on Monday, November 20th will be given a dividend of $0.15 per share. The firm has "Mkt Perform" rating given on Tuesday, October 25 by Raymond James. RBC Capital Markets maintained the shares of ALSN in report on Friday, June 2 with "Buy" rating. The rating was maintained by BMO Capital Markets with "Outperform" on Friday, April 28. Needham initiated Nutanix Inc (NASDAQ:NTNX) on Tuesday, October 25 with "Buy" rating.

Since May 23, 2017, it had 0 insider buys, and 4 insider sales for $4.42 million activity. After a recent check, it is observed that the insiders for the firm now own 0.40% shares. Old Mutual Global Investors UK Ltd. now owns 1,777,252 shares of the auto parts company's stock worth $66,700,000 after acquiring an additional 1,417,467 shares during the period. Also, SVP Randall R. Kirk sold 7,541 shares of the stock in a transaction that occurred on Tuesday, September 5th.

Investors sentiment increased to 1.39 in Q2 2017.

As of now, Dynegy Inc. has a P/S, P/E and P/B values of 0.32, 0 and 1.19 respectively. Among holders that decreased their positions, 40 sold out of the stock Allison Transmission Holdings, Inc. The stock exchanged hands with 2,021,698 numbers of shares compared to its average daily volume of 1.93M shares.

Tower Bridge Advisors increased Qualcomm Inc (QCOM) stake by 44.56% reported in 2017Q2 SEC filing.

Ubs Asset Management Americas Inc reports that it bought 1,600 shares during the last quarter increasing its holdings in Allison Transmission Holdings by 2,000.0%. Prelude Management Limited Liability owns 8,100 shares. Bessemer reported 176 shares. Brinker Cap reported 50,789 shares or 0.09% of all its holdings. Dimensional Fund Advisors Lp controls 1,454,902 shares worth $54,600,000. Ci Invs Inc holds 267,557 shares. The correct version of this news story can be viewed at

A number of institutional investors have recently modified their holdings of the business. California State Teachers Retirement Sys accumulated 238,094 shares or 0.02% of the stock. (ALSN) stock price is at a -5.23% downfall to its 52-week high and above 43.71% to a 52-week low. Equity analyst Deutsche Bank AG issued a report on ALSN stating a rating of "Sell" and a price target of $37.00. Allison Transmission Holdings's quarterly revenue was up 37.1% on a year-over-year basis. research analysts anticipate that Allison Transmission Holdings will post 2.49 EPS for the current year.

Allison Transmission Holdings, Inc. Stifel Nicolaus has "Hold" rating and $4000 target. Goldman Sachs downgraded Allison Transmission Holdings Inc (NYSE:ALSN) on Monday, February 27 to "Neutral" rating. As per Tuesday, October 3, the company rating was maintained by Piper Jaffray. RBC Capital Markets maintained the shares of ALSN in report on Wednesday, September 6 with "Buy" rating. Schroder Investment Management Group lifted its holdings in shares of Allison Transmission Holdings by 11.8% during the 3rd quarter. It also upped Sp Plus Corp (NASDAQ:SP) stake by 40,699 shares and now owns 64,570 shares. Nxp Semiconductors N (NASDAQ:NXPI) was reduced too.

Dynegy Inc., a U.S. based Company, belongs to Utilities sector and Electric Utilities industry. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases.

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