Nuveen Asset Management LLC Sells 21,239 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Nuveen Asset Management LLC reduced its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,554 shares of the auto parts company's stock after selling 21,239 shares during the quarter. Nuveen Asset Management LLC owned 0.26% of Allison Transmission worth $24,373,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. NDVR Inc. increased its stake in Allison Transmission by 4.8% in the 4th quarter. NDVR Inc. now owns 4,265 shares of the auto parts company's stock worth $461,000 after acquiring an additional 197 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Allison Transmission by 64.3% during the 4th quarter. Lazard Asset Management LLC now owns 301,365 shares of the auto parts company's stock valued at $32,564,000 after purchasing an additional 117,962 shares during the last quarter. J. Goldman & Co LP bought a new position in shares of Allison Transmission during the 4th quarter valued at about $5,429,000. Janus Henderson Group PLC increased its position in shares of Allison Transmission by 153.0% during the 4th quarter. Janus Henderson Group PLC now owns 186,358 shares of the auto parts company's stock valued at $20,145,000 after purchasing an additional 112,710 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Allison Transmission during the 4th quarter valued at about $901,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Trading Up 2.0%

Shares of NYSE:ALSN traded up $2.04 during trading on Tuesday, reaching $104.38. 162,794 shares of the company traded hands, compared to its average volume of 639,499. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 12.56 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The business's fifty day moving average is $95.41 and its 200-day moving average is $105.17.

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

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

Allison Transmission declared that its board has initiated a share repurchase program on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to reacquire up to 57.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several recent research reports. Morgan Stanley increased their price objective on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday. Citigroup reduced their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Robert W. Baird reduced their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $98.13.

Insider Buying and Selling

In related news, SVP John Coll sold 1,788 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the sale, the vice president now directly owns 11,924 shares of the company's stock, valued at $1,254,881.76. The trade was a 22.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,746 shares of company stock valued at $966,854 over the last quarter. 1.10% of the stock is owned by company insiders.

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.