Allison Transmission Holdings, Inc. $ALSN Shares Sold by Burney Co.

Key Points

• Burney Co. cut its stake in Allison Transmission by 2.5% in Q4, selling 7,965 shares to hold 310,806 shares worth about $30.43 million, representing roughly 0.37% of ALSN and 0.9% of Burney's holdings (its 16th largest position).
• Dividend raised — Allison increased its quarterly payout to $0.29 (annualized $1.16), up from $0.27, yielding about 0.9% with a dividend payout ratio near 15.8%.
• Mixed analyst views: the consensus rating is a "Hold" with an average target of $112, even as some firms (e.g., Oppenheimer) lifted targets to $135; ALSN trades near its 12‑month high (~$128.58) with a market cap of ~$10.7 billion and a P/E of ~17.5.

Burney Co. cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,806 shares of the auto parts company's stock after selling 7,965 shares during the period. Allison Transmission accounts for 0.9% of Burney Co.'s holdings, making the stock its 16th largest position. Burney Co. owned about 0.37% of Allison Transmission worth $30,428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new position in Allison Transmission during the third quarter worth $614,000. Alps Advisors Inc. purchased a new stake in Allison Transmission in the third quarter valued at $14,175,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Allison Transmission by 224.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 74,778 shares of the auto parts company's stock valued at $6,347,000 after buying an additional 51,737 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Allison Transmission by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 377,739 shares of the auto parts company's stock valued at $32,063,000 after buying an additional 23,025 shares during the period. Finally, Vest Financial LLC raised its holdings in shares of Allison Transmission by 26.3% in the 3rd quarter. Vest Financial LLC now owns 51,948 shares of the auto parts company's stock valued at $4,409,000 after buying an additional 10,815 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $128.58 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $128.85. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The stock has a 50 day simple moving average of $117.62 and a 200-day simple moving average of $101.09. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, March 9th. This is an increase from Allison Transmission's previous quarterly dividend of $0.27. Allison Transmission's dividend payout ratio (DPR) is 15.83%.

Analysts Set New Price Targets

Several research firms recently commented on ALSN. Zacks Research cut Allison Transmission from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Oppenheimer increased their price objective on Allison Transmission from $115.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. Morgan Stanley upped their target price on Allison Transmission from $109.00 to $117.00 and gave the company an "equal weight" rating in a research report on Monday, March 16th. Raymond James Financial upped their target price on Allison Transmission from $110.00 to $115.00 and gave the company a "strong-buy" rating in a research report on Monday, December 22nd. Finally, Citigroup increased their price objective on Allison Transmission from $110.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Allison Transmission has an average rating of "Hold" and an average target price of $112.00.

Insiders Place Their Bets

In related news, insider Eric C. Scroggins sold 1,313 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the transaction, the insider directly owned 17,654 shares of the company's stock, valued at $2,019,617.60. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company's products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison's core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.