Vanguard Group Inc. Trims Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Vanguard Group Inc. decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,151,945 shares of the auto parts company's stock after selling 210,230 shares during the period. Vanguard Group Inc. owned about 10.57% of Allison Transmission worth $988,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Allison Transmission during the 4th quarter valued at $41,081,000. Sanctuary Advisors LLC boosted its holdings in shares of Allison Transmission by 88.3% during the third quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company's stock worth $19,310,000 after purchasing an additional 94,229 shares during the period. Franklin Resources Inc. increased its holdings in Allison Transmission by 46.8% during the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company's stock valued at $24,955,000 after purchasing an additional 79,745 shares during the period. Geode Capital Management LLC increased its holdings in Allison Transmission by 4.2% during 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 period. Finally, Allianz Asset Management GmbH raised its position in Allison Transmission by 7.0% during 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 during the last quarter. Institutional investors own 96.90% of the company's stock.

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Allison Transmission Stock Up 0.9 %

Shares of ALSN traded up $0.87 during mid-day trading on Wednesday, reaching $98.22. The company had a trading volume of 76,337 shares, compared to its average volume of 622,034. 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 company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 11.79 and a beta of 1.02. The firm has a 50-day moving average price of $104.23 and a 200 day moving average price of $106.59. 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 issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 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%. On average, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given 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 yield of 1.10%. Allison Transmission's payout ratio is 13.00%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup decreased their target price on Allison Transmission from $115.00 to $108.00 and set a "neutral" rating for the company in a report on Monday. StockNews.com lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Morgan Stanley lifted their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price objective on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and a consensus price target of $101.13.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares of the company's stock, valued at $1,360,075.60. This represents a 24.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.