Ensign Peak Advisors Inc Has $4.51 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Ensign Peak Advisors Inc trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,745 shares of the auto parts company's stock after selling 4,373 shares during the period. Ensign Peak Advisors Inc's holdings in Allison Transmission were worth $4,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALSN. DGS Capital Management LLC grew its position in shares of Allison Transmission by 2.5% during the 4th quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock worth $370,000 after buying an additional 84 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock valued at $1,661,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System lifted its stake in shares of Allison Transmission by 0.4% in the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock valued at $2,733,000 after purchasing an additional 100 shares during the period. Amalgamated Bank boosted its position in shares of Allison Transmission by 1.6% in the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock worth $690,000 after purchasing an additional 103 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Allison Transmission by 7.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $210,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Price Performance

Shares of ALSN traded up $0.48 during trading hours on Tuesday, hitting $106.63. 26,290 shares of the company were exchanged, compared to its average volume of 637,835. 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 fifty-two week low of $71.49 and a fifty-two week high of $122.53. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 12.81 and a beta of 0.97. The firm's fifty day moving average is $94.71 and its 200 day moving average is $105.53.

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

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

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid 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 yield of 1.01%. Allison Transmission's dividend payout ratio (DPR) is 12.50%.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the stock in a transaction dated Tuesday, April 1st. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ALSN. Morgan Stanley increased 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 report on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Robert W. Baird decreased their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Raymond James lowered their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Citigroup reduced their target price on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $98.63.

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.