Clark Estates Inc. NY Has $2.65 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Clark Estates Inc. NY lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,527 shares of the auto parts company's stock after selling 17,323 shares during the quarter. Clark Estates Inc. NY's holdings in Allison Transmission were worth $2,650,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ALSN. SRH Advisors LLC acquired a new stake in shares of Allison Transmission during the 4th quarter valued at $26,000. Kestra Investment Management LLC acquired a new stake in shares of Allison Transmission during the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allison Transmission during the 4th quarter valued at $31,000. Quarry LP boosted its holdings in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Allison Transmission by 1,650.0% during the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock valued at $45,000 after acquiring an additional 396 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ALSN. The Goldman Sachs Group raised their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a report on Thursday, December 12th. Morgan Stanley raised their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. StockNews.com downgraded Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 13th. Finally, Citigroup lowered their target price on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and an average target price of $100.75.

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Allison Transmission Trading Up 2.2 %

NYSE:ALSN traded up $2.08 during trading hours on Friday, hitting $98.12. 716,013 shares of the company were exchanged, compared to its average volume of 653,441. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 11.81 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 Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The company has a fifty day simple moving average of $109.32 and a 200 day simple moving average of $105.30.

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 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%. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 3rd. Allison Transmission's payout ratio is presently 13.00%.

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

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the business's stock in a transaction dated 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 directly owns 6,420 shares of the company's stock, valued at $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate 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.