5 Undervalued Mid-Cap Stocks To Buy

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In this article, we will take a look at the 5 undervalued mid-cap stocks to buy. To see more such companies, go directly to  11 Undervalued Mid-Cap Stocks To Buy.

5. Allison Transmission Holdings, Inc. (NYSE:ALSN)

PE Ratio: 8.34

Number of Hedge Funds Having Stakes in the Company: 26

Allison Transmission is an Indiana-based company that makes transmission and propulsion systems for vehicles. It ranks 5th in our list of 12 undervalued mid-cap stocks to buy now. Allison Transmission is also a dividend-paying stock. In November, Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a $0.21/share quarterly dividend. Forward yield at the time came in at 1.95%. Allison Transmission Holdings, Inc. (NYSE:ALSN) on January 12 announced that it partnered with Nikola (NASDAQ:NKLA) to test its Class 8 battery-electric vehicle (or BEV) and hydrogen fuel cell electric vehicle (or FCEV).

As of the end of the third quarter, 26 hedge funds tracked by Insider Monkey reported having stakes in Allison Transmission Holdings, Inc. (NYSE:ALSN). The total value of these stakes was $361 million. The biggest stakeholder of Allison Transmission Holdings, Inc. (NYSE:ALSN) was Natixis Global Asset Management’s Harris Associates, which owns a $173 million stake in Allison Transmission Holdings, Inc. (NYSE:ALSN).

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