Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,849,304 shares of the auto parts company's stock after selling 361,300 shares during the quarter. LSV Asset Management owned 3.29% of Allison Transmission worth $307,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SRH Advisors LLC acquired a new stake in Allison Transmission during the fourth quarter worth about $26,000. World Investment Advisors LLC purchased a new stake in Allison Transmission during the third quarter worth $29,000. Kestra Investment Management LLC purchased a new position in Allison Transmission in the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allison Transmission in the fourth quarter worth about $31,000. Finally, Quarry LP grew its position 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 during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Trading Down 0.8 %

Shares of ALSN traded down $0.73 during mid-day trading on Tuesday, reaching $88.68. The stock had a trading volume of 227,303 shares, compared to its average volume of 638,268. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The business's fifty day moving average is $98.08 and its 200 day moving average is $106.27. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 10.67 and a beta of 0.95.

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Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 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%. On average, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

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

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. Allison Transmission's payout ratio is 13.00%.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 of the company's stock, valued at $1,360,075.60. This represents a 24.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 1,788 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at $1,466,938.04. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

ALSN has been the topic of several research analyst reports. Raymond James dropped their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday. Citigroup dropped their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird lowered their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday. StockNews.com upgraded Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Morgan Stanley increased their price objective 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 given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Allison Transmission currently has a consensus rating of "Hold" and an average price target of $100.13.

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.