Commerce Bank Reduces Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Commerce Bank trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 67.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,568 shares of the auto parts company's stock after selling 5,258 shares during the quarter. Commerce Bank's holdings in Allison Transmission were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Allison Transmission by 23.4% during the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company's stock worth $5,902,000 after buying an additional 11,666 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Allison Transmission during the third quarter worth approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in Allison Transmission in the 3rd quarter valued at $67,000. Tri Ri Asset Management Corp purchased a new position in Allison Transmission during the 3rd quarter worth $5,932,000. Finally, Franklin Resources Inc. lifted its stake in shares of Allison Transmission by 46.8% in the 3rd 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 period. Institutional investors and hedge funds own 96.90% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ALSN. Citigroup cut their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. StockNews.com downgraded Allison Transmission from a "buy" rating to a "hold" rating in a research note on Saturday, April 19th. Raymond James cut their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Robert W. Baird decreased their target price 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, JPMorgan Chase & Co. lowered their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and a consensus price target of $97.88.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now 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 legal filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 1,788 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was 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 approximately $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Allison Transmission Trading Down 0.4 %

ALSN traded down $0.36 during midday trading on Wednesday, hitting $92.13. The company's stock had a trading volume of 1,114,960 shares, compared to its average volume of 637,188. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The firm has a 50-day moving average price of $94.01 and a two-hundred day moving average price of $105.47. The firm has a market cap of $7.85 billion, a P/E ratio of 11.09 and a beta of 0.95. 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 (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was 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 yield of 1.17%. Allison Transmission's dividend payout ratio is currently 13.00%.

Allison Transmission declared that its board has approved a stock repurchase program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

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.