Counterpoint Mutual Funds LLC decreased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 49.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,881 shares of the auto parts company's stock after selling 2,827 shares during the quarter. Counterpoint Mutual Funds LLC's holdings in Allison Transmission were worth $311,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in ALSN. Smith Group Asset Management LLC purchased a new stake in Allison Transmission during the 4th quarter valued at about $2,161,000. Allspring Global Investments Holdings LLC raised its position in Allison Transmission by 18.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock worth $31,643,000 after buying an additional 46,435 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Allison Transmission by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company's stock valued at $9,333,000 after acquiring an additional 4,261 shares during the period. Convergence Investment Partners LLC boosted its holdings in shares of Allison Transmission by 115.6% in the 4th quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company's stock valued at $1,507,000 after acquiring an additional 7,479 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Allison Transmission by 46.8% in the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company's stock worth $24,955,000 after acquiring an additional 79,745 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.
Insider Buying and Selling at Allison Transmission
In other news, 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 value of $437,325.20. Following the transaction, the vice president now directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP John Coll sold 2,000 shares of the business's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares in the company, valued at $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.
Wall Street Analysts Forecast Growth
ALSN has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. Citigroup dropped their target price on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group lifted their price target on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, StockNews.com lowered shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 13th. Two 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 MarketBeat, Allison Transmission currently has a consensus rating of "Hold" and a consensus price target of $102.00.
Get Our Latest Analysis on ALSN
Allison Transmission Price Performance
Shares of ALSN stock traded down $2.52 during trading hours on Friday, hitting $96.38. 3,525,355 shares of the company's stock were exchanged, compared to its average volume of 713,875. The firm has a 50 day moving average of $107.14 and a two-hundred day moving average of $105.76. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The firm has a market cap of $8.24 billion, a P/E ratio of 11.60 and a beta of 1.02. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45.
Allison Transmission (NYSE:ALSN - Get Free Report) last posted 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%. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.
Allison Transmission announced that its board has approved a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.
Allison Transmission Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. 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 1.12%. The ex-dividend date was Monday, March 3rd. Allison Transmission's payout ratio is 13.00%.
About Allison Transmission
(
Free Report)
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.
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