Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,554 shares of the auto parts company's stock after selling 21,239 shares during the quarter. Nuveen Asset Management LLC owned about 0.26% of Allison Transmission worth $24,373,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC purchased a new stake in Allison Transmission during the fourth quarter valued at about $25,000. SRH Advisors LLC purchased a new stake in Allison Transmission during the 4th quarter valued at about $26,000. Kestra Investment Management LLC bought a new position in Allison Transmission during the 4th quarter valued at about $30,000. Proficio Capital Partners LLC bought a new stake in shares of Allison Transmission during the 4th quarter valued at about $42,000. Finally, SJS Investment Consulting Inc. raised its stake in Allison Transmission by 1,650.0% during the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock worth $45,000 after acquiring an additional 396 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ALSN shares. Robert W. Baird cut their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Morgan Stanley boosted their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Raymond James lowered their price target on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Citigroup dropped their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $98.13.

Allison Transmission Trading Down 0.0%

Allison Transmission stock traded down $0.01 during trading on Wednesday, hitting $104.59. The company had a trading volume of 120,905 shares, compared to its average volume of 735,232. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 12.59 and a beta of 0.97. 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 Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The company's 50 day simple moving average is $95.52 and its 200-day simple moving average is $105.16.

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 (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.26. The business had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. As a group, analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's payout ratio is 12.50%.

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

Insider Buying and Selling

In other news, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the transaction, the vice president now directly owns 11,924 shares of the company's stock, valued at $1,254,881.76. This trade represents a 22.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John Coll sold 1,788 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 15,388 shares in the company, valued at approximately $1,466,938.04. The trade was a 10.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,746 shares of company stock worth $966,854 in the last 90 days. Company insiders own 1.20% of the company's stock.

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.