Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 73.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,685 shares of the auto parts company's stock after selling 13,134 shares during the quarter. XTX Topco Ltd's holdings in Allison Transmission were worth $506,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. SRH Advisors LLC acquired a new stake in Allison Transmission in the 4th quarter valued at approximately $26,000. World Investment Advisors LLC acquired a new stake in shares of Allison Transmission in the third quarter valued at $29,000. Kestra Investment Management LLC purchased a new stake in shares of Allison Transmission in the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allison Transmission in the 4th quarter valued at $31,000. Finally, Proficio Capital Partners LLC acquired a new position in Allison Transmission during the 4th quarter worth about $42,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ALSN shares. Citigroup reduced their target price 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. Raymond James dropped their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Robert W. Baird decreased their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley decreased their price target on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Allison Transmission currently has an average rating of "Hold" and a consensus target price of $97.88.

Insider Activity at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the 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 transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

ALSN traded up $2.40 during trading on Tuesday, hitting $88.21. 480,602 shares of the stock were exchanged, compared to its average volume of 643,202. The firm has a market capitalization of $7.52 billion, a P/E ratio of 10.61 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The stock has a fifty day moving average price of $95.42 and a two-hundred day moving average price of $105.82. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly 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 net margin of 22.67% and a return on equity of 47.95%. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.27 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio (DPR) is currently 13.00%.

Allison Transmission announced that its board has approved a stock 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 repurchase up to 57.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

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.