Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,018 shares of the auto parts company's stock after selling 2,979 shares during the period. Sanctuary Advisors LLC owned approximately 0.23% of Allison Transmission worth $23,507,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. SRH Advisors LLC acquired a new stake in shares of Allison Transmission during the 4th quarter valued at approximately $26,000. World Investment Advisors LLC purchased a new position in Allison Transmission in the 3rd quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission during the fourth quarter worth $31,000. Quarry LP boosted its position in Allison Transmission by 46.7% during 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 position 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 in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of NYSE:ALSN traded down $1.60 on Friday, hitting $100.76. The company had a trading volume of 667,829 shares, compared to its average volume of 613,780. 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 52-week low of $71.35 and a 52-week high of $122.53. The business has a 50 day moving average of $111.81 and a 200 day moving average of $104.21. The company has a market cap of $8.62 billion, a PE ratio of 12.13 and a beta of 1.00.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its board has initiated a share repurchase 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 buy up to 57.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.07%. Allison Transmission's dividend payout ratio is 12.03%.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now owns 6,420 shares of the company's stock, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,639 shares of company stock worth $2,448,077 over the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted 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. Oppenheimer boosted their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. StockNews.com downgraded Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, Bank of America boosted their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $100.75.

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.