American Century Companies Inc. Has $3.63 Million Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

American Century Companies Inc. trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,602 shares of the auto parts company's stock after selling 3,103 shares during the period. American Century Companies Inc.'s holdings in Allison Transmission were worth $3,631,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. DGS Capital Management LLC increased its position in Allison Transmission by 2.5% in the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock worth $370,000 after purchasing an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock valued at $1,661,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System grew its position in shares of Allison Transmission by 0.4% during the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock worth $2,733,000 after buying an additional 100 shares during the period. Amalgamated Bank raised its stake in shares of Allison Transmission by 1.6% during the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock worth $690,000 after buying an additional 103 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after buying an additional 114 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Friday. Citigroup decreased their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday. Morgan Stanley upped 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. JPMorgan Chase & Co. reduced their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday. Finally, The Goldman Sachs Group upped their price target on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research note on Thursday, December 12th. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $98.00.

Allison Transmission Stock Up 0.0 %

Shares of NYSE ALSN traded up $0.02 during mid-day trading on Friday, reaching $88.65. 840,769 shares of the company's stock were exchanged, compared to its average volume of 639,067. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. 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 firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 10.67 and a beta of 0.95. The business has a fifty day simple moving average of $98.58 and a 200 day simple moving average of $106.25.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its 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 net margin of 22.67% and a return on equity of 47.95%. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Increases Dividend

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

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

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. The trade was a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction 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 transaction, 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. Corporate insiders own 1.10% of the company's stock.

About Allison Transmission

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.