Orion Portfolio Solutions LLC Sells 2,838 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Orion Portfolio Solutions LLC reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,817 shares of the auto parts company's stock after selling 2,838 shares during the quarter. Orion Portfolio Solutions LLC owned 0.06% of Allison Transmission worth $5,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SRH Advisors LLC bought a new stake in shares of Allison Transmission in the fourth quarter valued at about $26,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $31,000. Quarry LP lifted its position in shares of 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 purchasing an additional 114 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock worth $45,000 after purchasing an additional 396 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ALSN shares. JPMorgan Chase & Co. lowered their price target on shares of Allison Transmission from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley upped their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. StockNews.com cut Allison Transmission from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Citigroup lowered 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. Finally, The Goldman Sachs Group upped their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Two equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $101.13.

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Allison Transmission Stock Performance

Allison Transmission stock traded down $6.99 during mid-day trading on Thursday, hitting $91.92. 173,380 shares of the company's stock traded hands, compared to its average volume of 622,424. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 11.06 and a beta of 0.95. The firm has a 50 day simple moving average of $103.81 and a two-hundred day simple moving average of $106.54. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. 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 released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share 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%. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.27 per share. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.17%. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

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

Insider Transactions at Allison Transmission

In other Allison Transmission news, 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 value of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company's stock.

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.