Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,124 shares of the auto parts company's stock after selling 4,198 shares during the period. Brandywine Global Investment Management LLC owned 0.06% of Allison Transmission worth $5,849,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ALSN. Smith Group Asset Management LLC acquired a new stake in Allison Transmission during the fourth quarter worth approximately $2,161,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Allison Transmission by 18.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock worth $31,643,000 after purchasing an additional 46,435 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Allison Transmission by 14.5% in the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock valued at $5,729,000 after purchasing an additional 6,728 shares during the period. Convergence Investment Partners LLC increased its stake in Allison Transmission by 115.6% in the fourth quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company's stock valued at $1,507,000 after purchasing an additional 7,479 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Allison Transmission by 46.8% during the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company's stock worth $24,955,000 after buying an additional 79,745 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALSN. StockNews.com downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Morgan Stanley lifted their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. dropped their price objective on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Finally, Citigroup reduced their target price on Allison Transmission from $115.00 to $108.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and a consensus target price of $101.13.

Allison Transmission Stock Down 4.9 %

Shares of ALSN traded down $4.47 during midday trading on Friday, reaching $86.01. 1,077,492 shares of the company were exchanged, compared to its average volume of 627,326. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The stock has a 50-day moving average price of $102.54 and a 200-day moving average price of $106.66. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 10.35 and a beta of 0.95.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 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%. Research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.26%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

Allison Transmission announced that its board has authorized a stock buyback program on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the transaction, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Allison Transmission Profile

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.