Boston Partners Sells 348,938 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Boston Partners reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,090,237 shares of the auto parts company's stock after selling 348,938 shares during the period. Boston Partners owned approximately 1.26% of Allison Transmission worth $118,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SRH Advisors LLC bought a new stake in Allison Transmission in the 4th quarter valued at $26,000. Kestra Investment Management LLC bought a new stake in Allison Transmission in the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission in the 4th quarter worth $31,000. Quarry LP grew its stake in shares of 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 buying an additional 114 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in shares of Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock worth $45,000 after buying an additional 396 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the business's stock in a transaction dated Tuesday, December 31st. The shares were 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 owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the business'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 approximately $1,360,075.60. This represents a 24.33 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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Allison Transmission Trading Down 2.6 %

Shares of ALSN stock traded down $2.52 during trading hours on Friday, reaching $96.38. 3,525,355 shares of the stock were exchanged, compared to its average volume of 596,824. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 11.60 and a beta of 1.02. 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 12-month low of $71.49 and a 12-month high of $122.53. The company's 50-day moving average price is $106.89 and its 200-day moving average price is $105.90.

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

Allison Transmission announced that its board has approved a stock repurchase plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.12%. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's payout ratio is 13.00%.

Analyst Ratings Changes

A number of equities analysts have commented on ALSN shares. Citigroup dropped their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. StockNews.com cut shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $102.00.

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.