Axa S.A. Sells 15,908 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Axa S.A. lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,180 shares of the auto parts company's stock after selling 15,908 shares during the period. Axa S.A. owned approximately 0.09% of Allison Transmission worth $8,340,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Transce3nd LLC purchased a new stake in shares of Allison Transmission during the 4th quarter valued at about $25,000. SRH Advisors LLC bought a new stake in Allison Transmission during the fourth quarter worth approximately $26,000. World Investment Advisors LLC purchased a new stake in Allison Transmission during the third quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new stake in shares of Allison Transmission in the 4th quarter valued at approximately $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 1,788 shares of the 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. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. 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 report on Friday, April 11th. 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 research note on Tuesday, April 8th. Raymond James dropped their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Robert W. Baird reduced their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Morgan Stanley decreased their price objective on shares of Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $97.88.

Allison Transmission Price Performance

Shares of ALSN stock opened at $98.54 on Tuesday. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 11.86 and a beta of 0.97. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. The stock has a fifty day simple moving average of $93.82 and a two-hundred day simple moving average of $105.48.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $766.00 million for the quarter, compared to analysts' expectations of $792.18 million. During the same period in the prior year, the business earned $1.90 EPS. The firm's quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

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 reacquire up to 57.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 yield of 1.10%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's dividend payout ratio is currently 12.50%.

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.

Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.