Clifford Swan Investment Counsel LLC Sells 19,240 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Clifford Swan Investment Counsel LLC trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,447 shares of the auto parts company's stock after selling 19,240 shares during the quarter. Allison Transmission comprises about 1.4% of Clifford Swan Investment Counsel LLC's portfolio, making the stock its 14th biggest position. Clifford Swan Investment Counsel LLC owned approximately 0.42% of Allison Transmission worth $38,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. DGS Capital Management LLC lifted its stake 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 valued at $370,000 after buying an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC increased 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 acquiring an additional 100 shares in the last quarter. Amalgamated Bank lifted its position in shares of Allison Transmission by 1.6% during the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after acquiring an additional 103 shares during the period. Quarry LP boosted its stake in 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 acquiring an additional 114 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in Allison Transmission by 3.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company's stock worth $355,000 after purchasing an additional 126 shares during the period. Institutional investors own 96.90% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Morgan Stanley upped their price target on 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 increased their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday, December 12th. Finally, StockNews.com downgraded Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $100.75.

Allison Transmission Stock Up 1.3 %

Shares of Allison Transmission stock traded up $1.24 on Wednesday, hitting $97.64. The company had a trading volume of 718,194 shares, compared to its average volume of 642,402. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 11.75 and a beta of 1.00. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The stock has a 50 day moving average of $110.05 and a 200-day moving average of $105.34.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results 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%. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.11%. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 3rd. Allison Transmission's dividend payout ratio is presently 13.00%.

Allison Transmission declared that its Board of Directors has authorized a share buyback program on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares of the company's stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company's stock.

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.