Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.2% in the fourth quarter, Holdings Channel reports. The fund owned 9,151,945 shares of the auto parts company’s stock after selling 210,230 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Allison Transmission worth $988,959,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Allison Transmission in the fourth quarter valued at $41,081,000. Sanctuary Advisors LLC grew its stake 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 valued at $19,310,000 after acquiring an additional 94,229 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Allison Transmission by 46.8% during the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after acquiring an additional 79,745 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Allison Transmission by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after acquiring an additional 79,506 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Allison Transmission by 7.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company’s stock worth $114,690,000 after acquiring an additional 69,008 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Ratings Changes

ALSN has been the topic of several analyst reports. The Goldman Sachs Group lifted their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Citigroup decreased their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley raised their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, StockNews.com downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average price target of $102.00.

Allison Transmission Trading Down 3.1 %

Allison Transmission stock opened at $96.01 on Friday. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The firm’s 50-day moving average is $105.16 and its 200-day moving average is $106.18. 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 cap of $8.21 billion, a P/E ratio of 11.55 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.27 per share. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission’s dividend payout ratio is presently 13.00%.

Allison Transmission announced that its board has authorized a stock repurchase program on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission 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 sale, the vice president now owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the transaction, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.