Snowden Capital Advisors LLC Has $1.67 Million Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Snowden Capital Advisors LLC reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 73.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,412 shares of the auto parts company's stock after selling 42,406 shares during the quarter. Snowden Capital Advisors LLC's holdings in Allison Transmission were worth $1,665,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ALSN. Transce3nd LLC acquired a new position in shares of Allison Transmission in the fourth quarter valued at approximately $25,000. SRH Advisors LLC purchased a new position in shares of Allison Transmission in the 4th quarter valued at about $26,000. Kestra Investment Management LLC purchased a new position in shares of Allison Transmission in the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allison Transmission during the fourth quarter worth about $31,000. Finally, Proficio Capital Partners LLC purchased a new position in Allison Transmission in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of the 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 completion of the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. The trade was 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 company insiders.

Analysts Set New Price Targets

ALSN has been the topic of a number of analyst reports. StockNews.com upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Monday, May 12th. JPMorgan Chase & Co. cut their target price 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. 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 cut 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, Robert W. Baird decreased their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $98.63.

Allison Transmission Price Performance

NYSE:ALSN traded down $2.35 during trading hours on Wednesday, reaching $103.93. 389,862 shares of the company traded hands, compared to its average volume of 639,897. The firm's 50-day moving average is $94.97 and its 200-day moving average is $105.54. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The stock has a market cap of $8.76 billion, a P/E ratio of 12.51 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53.

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

Allison Transmission announced that its board has approved a share repurchase program on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 annualized dividend and a yield of 1.04%. Allison Transmission's dividend payout ratio is presently 12.50%.

Allison Transmission Company 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.