Algert Global LLC Sells 6,844 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Algert Global LLC reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,179 shares of the auto parts company's stock after selling 6,844 shares during the quarter. Algert Global LLC owned approximately 0.14% of Allison Transmission worth $12,878,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Allison Transmission by 4,877.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock worth $48,035,000 after acquiring an additional 435,587 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in Allison Transmission by 7.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 7,060 shares of the auto parts company's stock worth $762,000 after purchasing an additional 460 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in Allison Transmission by 24.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 139,326 shares of the auto parts company's stock valued at $15,056,000 after buying an additional 27,776 shares during the period. AdvisorShares Investments LLC boosted its holdings in shares of Allison Transmission by 1,251.9% during the 4th quarter. AdvisorShares Investments LLC now owns 69,652 shares of the auto parts company's stock worth $7,527,000 after buying an additional 64,500 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Allison Transmission during the 4th quarter worth approximately $4,099,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALSN has been the topic of several research analyst reports. Citigroup cut their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird dropped their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Raymond James decreased their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. cut 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 boosted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given 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 a consensus price target of $98.63.

Insider Activity at Allison Transmission

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

Allison Transmission Stock Down 1.4 %

Shares of NYSE ALSN traded down $1.34 during trading on Tuesday, hitting $97.26. The stock had a trading volume of 687,604 shares, compared to its average volume of 640,782. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The firm has a fifty day moving average of $93.82 and a two-hundred day moving average of $105.48. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53. The company has a market capitalization of $8.29 billion, a PE ratio of 11.70 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same quarter last year, the business posted $1.90 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently disclosed 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 of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.11%. Allison Transmission's payout ratio is currently 12.50%.

Allison Transmission declared that its board has approved a share repurchase plan on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors 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.