Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,200,824 shares of the auto parts company's stock after selling 222,595 shares during the period. Allison Transmission makes up about 0.5% of Renaissance Technologies LLC's holdings, making the stock its 24th biggest position. Renaissance Technologies LLC owned approximately 3.70% of Allison Transmission worth $345,881,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ALSN. FMR LLC boosted its holdings in shares of Allison Transmission by 1.9% in the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock valued at $1,404,025,000 after acquiring an additional 247,318 shares in the last quarter. Federated Hermes Inc. raised its position in Allison Transmission by 3.9% in the fourth quarter. Federated Hermes Inc. now owns 956,691 shares of the auto parts company's stock worth $103,380,000 after acquiring an additional 36,065 shares in the last quarter. Islay Capital Management LLC lifted its holdings in Allison Transmission by 9.3% in the fourth quarter. Islay Capital Management LLC now owns 10,813 shares of the auto parts company's stock valued at $1,168,000 after acquiring an additional 922 shares during the period. Wells Fargo & Company MN boosted its position in shares of Allison Transmission by 13.3% during the 4th quarter. Wells Fargo & Company MN now owns 227,851 shares of the auto parts company's stock worth $24,622,000 after purchasing an additional 26,755 shares in the last quarter. Finally, Prudential PLC grew its stake in shares of Allison Transmission by 271.8% during the 4th quarter. Prudential PLC now owns 20,905 shares of the auto parts company's stock worth $2,259,000 after purchasing an additional 15,283 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

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Allison Transmission Trading Up 0.0 %

Shares of NYSE:ALSN traded up $0.02 during trading on Friday, reaching $88.65. The stock had a trading volume of 840,769 shares, compared to its average volume of 639,337. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The stock has a market cap of $7.55 billion, a P/E ratio of 10.67 and a beta of 0.95. The business has a fifty day moving average price of $98.58 and a 200-day moving average price of $106.32. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly 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, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.27 per share. 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 1.22%. The ex-dividend date was Monday, March 3rd. Allison Transmission's dividend payout ratio is presently 13.00%.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the transaction, the senior vice president now owns 15,388 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

ALSN has been the topic of a number of research analyst reports. Citigroup decreased their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. StockNews.com upgraded Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday. Morgan Stanley boosted their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Allison Transmission has an average rating of "Hold" and a consensus target price of $98.00.

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.