Franklin Resources Inc. Has $25.97 Million Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Franklin Resources Inc. lowered its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 240,314 shares of the auto parts company's stock after selling 9,736 shares during the quarter. Franklin Resources Inc. owned 0.28% of Allison Transmission worth $25,968,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SRH Advisors LLC bought a new position in shares of Allison Transmission in the fourth quarter valued at $26,000. World Investment Advisors LLC acquired a new stake in shares of Allison Transmission during the third quarter worth $29,000. Kestra Investment Management LLC purchased a new stake in shares of Allison Transmission during the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allison Transmission in the 4th quarter valued at $31,000. Finally, Quarry LP increased its stake in Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after purchasing an additional 114 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded up $0.02 during trading hours on Friday, hitting $88.65. 840,769 shares of the company's stock were exchanged, compared to its average volume of 639,068. The company's 50-day moving average price is $98.58 and its 200-day moving average price is $106.25. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 10.67 and a beta of 0.95. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42.

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

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

Allison Transmission Increases Dividend

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

Insider Transactions at Allison Transmission

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on ALSN. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research note on Friday. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday. Citigroup decreased their target price on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Morgan Stanley upped their price target on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $98.00.

Allison Transmission Company 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.