Dimensional Fund Advisors LP Sells 20,901 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Dimensional Fund Advisors LP trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,857,591 shares of the auto parts company's stock after selling 20,901 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.14% of Allison Transmission worth $200,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ALSN. SRH Advisors LLC purchased a new position in shares of Allison Transmission during the fourth quarter valued at approximately $26,000. World Investment Advisors LLC purchased a new position in Allison Transmission during the 3rd quarter valued at $29,000. Kestra Investment Management LLC bought a new position in Allison Transmission in the 4th quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allison Transmission in the 4th quarter worth about $31,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Allison Transmission during the 4th quarter valued at about $42,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $88.21 on Wednesday. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The firm's 50-day moving average is $95.42 and its 200 day moving average is $105.82. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 10.61 and a beta of 0.95. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42.

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

Allison Transmission Increases Dividend

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

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ALSN shares. JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Morgan Stanley lowered their target price on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. StockNews.com cut Allison Transmission from a "buy" rating to a "hold" rating in a research note on Saturday. Citigroup dropped their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird reduced their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and an average target price of $97.88.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 4,546 shares of the company's 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 completion of the sale, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Coll sold 1,788 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.

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