Russell Investments Group Ltd. Decreases Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Russell Investments Group Ltd. lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 40.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,930 shares of the auto parts company's stock after selling 55,471 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Allison Transmission worth $8,853,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ALSN. Loomis Sayles & Co. L P raised its holdings in Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock valued at $257,046,000 after acquiring an additional 1,785,687 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Allison Transmission by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company's stock valued at $188,511,000 after purchasing an additional 79,506 shares during the last quarter. State Street Corp increased its position in shares of Allison Transmission by 0.8% in the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock valued at $161,597,000 after purchasing an additional 13,252 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Allison Transmission by 7.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock valued at $114,690,000 after purchasing an additional 69,008 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Allison Transmission during the 4th quarter worth $108,916,000. Institutional investors and hedge funds own 96.90% of the company's stock.

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Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred 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 sale, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. The trade was 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 through this link. 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 transaction, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This represents a 24.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Allison Transmission Stock Performance

Allison Transmission stock traded down $0.49 during midday trading on Tuesday, hitting $88.93. 769,058 shares of the company's stock were exchanged, compared to its average volume of 640,607. The firm's 50 day simple moving average is $98.08 and its 200 day simple moving average is $106.27. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 10.70 and a beta of 0.95.

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 (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

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

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 paid a $0.27 dividend. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's payout ratio is currently 13.00%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ALSN shares. Citigroup cut their price target 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. Morgan Stanley upped 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. StockNews.com upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Friday. Robert W. Baird cut their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Raymond James decreased their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $100.13.

About Allison Transmission

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.