Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by New Vernon Capital Holdings II LLC

New Vernon Capital Holdings II LLC cut its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 50.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,477 shares of the auto parts company's stock after selling 5,514 shares during the quarter. Allison Transmission makes up about 0.3% of New Vernon Capital Holdings II LLC's investment portfolio, making the stock its 22nd biggest position. New Vernon Capital Holdings II LLC's holdings in Allison Transmission were worth $592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ALSN. Two Sigma Securities LLC bought a new stake in shares of Allison Transmission in the fourth quarter worth about $288,000. Voya Investment Management LLC increased its holdings in shares of Allison Transmission by 5.6% in the fourth quarter. Voya Investment Management LLC now owns 131,095 shares of the auto parts company's stock worth $14,166,000 after purchasing an additional 6,950 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Allison Transmission by 82.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,251 shares of the auto parts company's stock worth $675,000 after purchasing an additional 2,831 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of Allison Transmission by 179.9% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,598 shares of the auto parts company's stock worth $173,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of Allison Transmission by 3.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock worth $286,683,000 after purchasing an additional 76,840 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Trading Up 0.4 %

Shares of NYSE ALSN traded up $0.36 during trading hours on Monday, reaching $92.15. The stock had a trading volume of 795,840 shares, compared to its average volume of 638,878. 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 $7.85 billion, a price-to-earnings ratio of 11.09 and a beta of 0.95. The business's fifty day moving average price is $94.62 and its two-hundred day moving average price is $105.72. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53.

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 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%. Analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.27 dividend. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. Allison Transmission's payout ratio is presently 13.00%.

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

Analyst Ratings Changes

ALSN has been the topic of several analyst reports. Robert W. Baird reduced their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Raymond James reduced their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Citigroup reduced their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut Allison Transmission from a "buy" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Morgan Stanley reduced their price objective on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Allison Transmission has a consensus rating of "Hold" and an average price target of $97.88.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares in the company, valued at $1,466,938.04. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $437,325.20. Following the sale, 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 disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.