Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP cut its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 29.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,387 shares of the auto parts company's stock after selling 9,924 shares during the period. Dark Forest Capital Management LP's holdings in Allison Transmission were worth $2,527,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Loomis Sayles & Co. L P increased its holdings in Allison Transmission by 301.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after buying an additional 1,785,687 shares in the last quarter. Norges Bank purchased a new position in shares of Allison Transmission in the 4th quarter worth $108,916,000. Raymond James Financial Inc. bought a new stake in shares of Allison Transmission in the fourth quarter worth $41,081,000. FMR LLC increased its position in Allison Transmission by 1.9% during the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock valued at $1,404,025,000 after acquiring an additional 247,318 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Allison Transmission by 177.7% in the fourth quarter. Alliancebernstein L.P. now owns 144,951 shares of the auto parts company's stock valued at $15,663,000 after acquiring an additional 92,754 shares during the period. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ALSN shares. StockNews.com lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Saturday, April 19th. Raymond James reduced their target price 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. cut their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Morgan Stanley lowered their price target on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup reduced their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $97.88.

Insider Activity

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $170,450.04. Following 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 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 Stock Down 0.6 %

Shares of ALSN stock traded down $0.52 on Monday, hitting $91.27. The stock had a trading volume of 119,152 shares, compared to its average volume of 636,240. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The business has a 50 day moving average price of $94.62 and a 200 day moving average price of $105.72. The company has a market cap of $7.78 billion, a PE ratio of 10.97 and a beta of 0.95.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.18%. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. Allison Transmission's dividend payout ratio (DPR) is 13.00%.

Allison Transmission declared that its Board of Directors has authorized a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

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.