Los Angeles Capital Management LLC Sells 47,047 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Los Angeles Capital Management LLC lessened its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,934 shares of the auto parts company's stock after selling 47,047 shares during the period. Los Angeles Capital Management LLC owned about 0.10% of Allison Transmission worth $9,502,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. SRH Advisors LLC acquired a new position in shares of Allison Transmission during the 4th quarter valued at $26,000. World Investment Advisors LLC purchased a new stake in shares of Allison Transmission in the third quarter valued at about $29,000. Kestra Investment Management LLC purchased a new stake in shares of Allison Transmission during the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Allison Transmission during the fourth quarter worth about $31,000. Finally, Quarry LP increased its position in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after buying an additional 114 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ALSN shares. Morgan Stanley boosted their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Citigroup cut their price objective on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. StockNews.com lowered Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group upped their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $100.75.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Trading Up 1.3 %

NYSE:ALSN traded up $1.33 during midday trading on Friday, hitting $101.79. The stock had a trading volume of 1,043,693 shares, compared to its average volume of 640,120. 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 Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The stock has a 50-day moving average of $110.50 and a 200 day moving average of $105.04. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 12.25 and a beta of 1.00.

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 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%. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.27 dividend. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, March 3rd. Allison Transmission's dividend payout ratio is presently 13.00%.

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

Allison Transmission 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.