Axa S.A. Cuts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

AXA S.A. trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 17.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 77,180 shares of the auto parts company's stock after selling 15,908 shares during the period. AXA S.A. owned about 0.09% of Allison Transmission worth $8,340,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James cut their price objective on shares of 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. decreased their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Robert W. Baird reduced their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Citigroup dropped their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley lifted their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $98.63.

Allison Transmission Price Performance

Shares of NYSE:ALSN traded up $0.06 during trading on Friday, hitting $98.78. 462,766 shares of the company's stock were exchanged, compared to its average volume of 639,822. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. 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 company has a market cap of $8.32 billion, a price-to-earnings ratio of 11.89 and a beta of 0.97. The business's 50-day simple moving average is $93.72 and its 200 day simple moving average is $105.42.

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

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.09%. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

Allison Transmission announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to repurchase $5.00 billion in 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 often a sign that the company's board believes its shares are undervalued.

Insider Activity

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the company's 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 transaction, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This represents 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 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 directly owns 15,388 shares of the company's stock, valued at $1,466,938.04. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Allison Transmission 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.