Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,171 shares of the auto parts company's stock after selling 15,666 shares during the period. Cerity Partners LLC owned 0.09% of Allison Transmission worth $8,089,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P lifted its position in Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock valued at $257,046,000 after buying an additional 1,785,687 shares during the last quarter. Norges Bank purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $108,916,000. Raymond James Financial Inc. acquired a new position in Allison Transmission during the fourth quarter worth $41,081,000. FMR LLC boosted its position in shares of Allison Transmission by 1.9% during the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of Allison Transmission by 88.3% in the third quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company's stock valued at $19,310,000 after buying an additional 94,229 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of the 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 completion of the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value 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 trade 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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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ALSN shares. Raymond James dropped their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday. Citigroup dropped their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. 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. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Robert W. Baird reduced their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $100.13.

Allison Transmission Price Performance

Shares of ALSN stock traded down $0.49 during mid-day trading on Tuesday, reaching $88.93. The stock had a trading volume of 769,058 shares, compared to its average volume of 640,607. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-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 business has a 50-day simple moving average of $98.08 and a 200 day simple moving average of $106.27. The company has a market cap of $7.58 billion, a P/E ratio of 10.70 and a beta of 0.95.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data 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 return on equity of 47.95% and a net margin of 22.67%. On average, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission declared that its board has authorized a share repurchase 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 an indication that the company's board of directors believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.27 dividend. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's dividend payout ratio is presently 13.00%.

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.