Alberta Investment Management Corp Sells 18,800 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Alberta Investment Management Corp lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 42.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,000 shares of the auto parts company's stock after selling 18,800 shares during the period. Alberta Investment Management Corp's holdings in Allison Transmission were worth $2,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC increased its stake in Allison Transmission by 24.3% in the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock valued at $1,224,479,000 after buying an additional 2,493,310 shares during the period. Geode Capital Management LLC raised its position in Allison Transmission by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company's stock valued at $188,511,000 after acquiring an additional 79,506 shares in the last quarter. State Street Corp grew its position in Allison Transmission by 0.8% in the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock worth $161,597,000 after acquiring an additional 13,252 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Allison Transmission by 34.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock worth $87,896,000 after purchasing an additional 233,214 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Allison Transmission by 252.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company's stock valued at $56,974,000 after purchasing an additional 424,813 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Price Performance

NYSE ALSN traded down $1.60 on Friday, hitting $100.76. 667,829 shares of the company were exchanged, compared to its average volume of 694,615. Allison Transmission Holdings, Inc. has a 1-year low of $71.35 and a 1-year high of $122.53. The firm has a 50 day moving average of $111.81 and a two-hundred day moving average of $104.21. The company has a market cap of $8.62 billion, a P/E ratio of 12.13 and a beta of 1.00. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission announced that its board has initiated a share buyback plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.27 dividend. The ex-dividend date is Monday, March 3rd. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.07%. Allison Transmission's dividend payout ratio is 12.03%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALSN shares. Bank of America increased their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Citigroup lowered their price target on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. StockNews.com cut shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. Robert W. Baird boosted their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Allison Transmission has an average rating of "Hold" and an average target price of $100.75.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the transaction, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Graziosi sold 1,723 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,639 shares of company stock worth $2,448,077. Company insiders own 1.10% of the company's stock.

About Allison Transmission

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.