Mitsubishi UFJ Asset Management Co. Ltd. Has $542,000 Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Mitsubishi UFJ Asset Management Co. Ltd. reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 42.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,952 shares of the auto parts company's stock after selling 3,652 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Allison Transmission were worth $542,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SRH Advisors LLC acquired a new stake in Allison Transmission in the fourth quarter valued at approximately $26,000. World Investment Advisors LLC bought a new position in shares of Allison Transmission during the 3rd quarter valued at $29,000. Kestra Investment Management LLC acquired a new stake in shares of Allison Transmission in the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allison Transmission in the fourth quarter worth $31,000. Finally, Quarry LP increased its position 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 buying an additional 114 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of the company's 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 sale, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares of the company's stock, valued at $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

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Allison Transmission Stock Performance

Shares of ALSN traded down $1.53 on Monday, reaching $84.41. 1,291,730 shares of the stock traded hands, compared to its average volume of 629,973. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 10.16 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. The stock's 50-day moving average price is $101.92 and its 200-day moving average price is $106.62. 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 (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%. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

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

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.28%. The ex-dividend date was Monday, March 3rd. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio is 13.00%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com cut Allison Transmission from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Morgan Stanley increased their price target on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research note on Thursday, December 12th. Finally, Citigroup dropped their price target on Allison Transmission from $115.00 to $108.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $101.13.

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.