Seizert Capital Partners LLC decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 632,481 shares of the auto parts company's stock after selling 30,258 shares during the quarter. Allison Transmission comprises 3.1% of Seizert Capital Partners LLC's investment portfolio, making the stock its 3rd largest holding. Seizert Capital Partners LLC owned 0.73% of Allison Transmission worth $68,346,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock valued at $1,224,479,000 after purchasing an additional 2,493,310 shares in the last quarter. Geode Capital Management LLC lifted its stake in Allison Transmission by 4.2% in 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 buying an additional 79,506 shares during the period. State Street Corp raised its position in shares of Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock worth $161,597,000 after purchasing an additional 13,252 shares during the period. Allianz Asset Management GmbH raised its position in shares of Allison Transmission by 7.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after purchasing an additional 69,008 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Allison Transmission by 34.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock valued at $87,896,000 after buying an additional 233,214 shares during the last quarter. Institutional investors own 96.90% of the company's stock.
Allison Transmission Stock Up 1.3 %
Shares of Allison Transmission stock traded up $1.24 on Wednesday, hitting $97.64. The company had a trading volume of 718,199 shares, compared to its average volume of 642,402. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 11.75 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The stock has a 50 day moving average of $109.82 and a 200-day moving average of $105.29.
Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.
Allison Transmission Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.27 per share. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. Allison Transmission's payout ratio is presently 13.00%.
Allison Transmission declared that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Citigroup decreased their price target on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group boosted their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. Morgan Stanley boosted their price objective on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Finally, StockNews.com lowered Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $100.75.
Read Our Latest Report on ALSN
Insider Transactions at Allison Transmission
In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.
Allison Transmission Company Profile
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Free Report)
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.
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