Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 59.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,716 shares of the auto parts company's stock after selling 34,554 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Allison Transmission were worth $2,563,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. DGS Capital Management LLC boosted its holdings in shares of Allison Transmission by 2.5% during the 4th quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock valued at $370,000 after purchasing an additional 84 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Allison Transmission by 0.7% during 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 buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in Allison Transmission by 0.4% in the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock worth $2,733,000 after acquiring an additional 100 shares during the last quarter. Amalgamated Bank increased its position in Allison Transmission by 1.6% in the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock worth $690,000 after purchasing an additional 103 shares during the last quarter. Finally, Quarry LP raised its position in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

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Allison Transmission Trading Up 0.0 %

Shares of ALSN traded up $0.02 during trading hours on Friday, reaching $88.65. 840,769 shares of the company traded hands, compared to its average volume of 639,337. The stock's fifty day moving average price is $98.58 and its 200 day moving average price is $106.32. 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 firm has a market cap of $7.55 billion, a price-to-earnings ratio of 10.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53.

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%. 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 was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.22%. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio is 13.00%.

Allison Transmission declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ALSN shares. Citigroup decreased their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. StockNews.com upgraded Allison Transmission from a "hold" rating to a "buy" rating in a report on Friday. JPMorgan Chase & Co. dropped their price objective 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. Finally, Morgan Stanley increased their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $98.00.

Insiders Place Their Bets

In other news, VP Ryan A. Milburn sold 4,546 shares of the 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction dated 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. 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 currently owned by company insiders.

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.