Cypress Capital LLC Decreases Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cypress Capital LLC lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,452 shares of the auto parts company’s stock after selling 474 shares during the quarter. Cypress Capital LLC’s holdings in Allison Transmission were worth $913,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ALSN. DGS Capital Management LLC raised its holdings in Allison Transmission by 2.5% during the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock worth $370,000 after purchasing an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Allison Transmission by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock worth $1,661,000 after purchasing an additional 100 shares in the last quarter. Quarry LP raised its holdings 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. Harvest Fund Management Co. Ltd raised its holdings in Allison Transmission by 3.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock worth $355,000 after purchasing an additional 126 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Allison Transmission by 7.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $210,000 after purchasing an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 11,590 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,165,413.52. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the sale, the senior vice president now owns 6,420 shares in the company, 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 have sold 20,639 shares of company stock worth $2,448,077 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent research reports. Oppenheimer lifted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America lifted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Citigroup lowered their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $100.75.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $100.76 on Friday. The firm has a market capitalization of $8.62 billion, a P/E ratio of 12.13 and a beta of 1.00. Allison Transmission Holdings, Inc. has a one year low of $71.35 and a one year high of $122.53. The company’s fifty day moving average is $111.81 and its two-hundred day moving average is $104.21. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping 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%. Analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.27 dividend. The ex-dividend date is Monday, March 3rd. 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 1.07%. Allison Transmission’s payout ratio is currently 12.03%.

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.