Mitsubishi UFJ Trust & Banking Corp Sells 8,999 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 30.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,426 shares of the auto parts company's stock after selling 8,999 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Allison Transmission were worth $2,207,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Citigroup Inc. grew its position in Allison Transmission by 4.2% in the 3rd quarter. Citigroup Inc. now owns 43,114 shares of the auto parts company's stock valued at $4,142,000 after purchasing an additional 1,733 shares during the period. Bank of Montreal Can increased its position in shares of Allison Transmission by 6.3% during the 3rd quarter. Bank of Montreal Can now owns 79,358 shares of the auto parts company's stock valued at $7,658,000 after purchasing an additional 4,690 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Allison Transmission by 30.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,958 shares of the auto parts company's stock worth $3,358,000 after purchasing an additional 8,072 shares during the period. Townsquare Capital LLC purchased a new position in shares of Allison Transmission in the 3rd quarter worth about $317,000. Finally, Captrust Financial Advisors grew its position in Allison Transmission by 24.1% during the third quarter. Captrust Financial Advisors now owns 31,499 shares of the auto parts company's stock valued at $3,026,000 after buying an additional 6,113 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several analysts have commented on ALSN shares. Citigroup lowered their price objective on shares of Allison Transmission from $115.00 to $108.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. reduced their target price on shares of Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. StockNews.com cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Morgan Stanley lifted their price objective 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. Finally, The Goldman Sachs Group increased their target price on 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, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $101.13.

Allison Transmission Price Performance

Shares of ALSN traded down $4.47 during mid-day trading on Friday, reaching $86.01. 1,077,492 shares of the stock traded hands, compared to its average volume of 627,326. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 10.35 and a beta of 0.95. The firm has a fifty day moving average price of $102.54 and a 200 day moving average price of $106.54.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results 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, equities research analysts predict 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. Stockholders of record on Monday, March 3rd were given a dividend of $0.27 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.26%. Allison Transmission's dividend payout ratio is 13.00%.

Allison Transmission announced that its board has initiated a stock buyback 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 purchase up to 57.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at Allison Transmission

In other news, 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 transaction of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the business'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 completion of the sale, 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 position. The disclosure for this sale can be found here. 1.10% of the stock is currently 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.