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

Snowden Capital Advisors LLC trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 73.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Transce3nd LLC acquired a new position in Allison Transmission during the fourth quarter valued at approximately $25,000. SRH Advisors LLC bought a new position in Allison Transmission during the 4th quarter worth approximately $26,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allison Transmission in the fourth quarter worth approximately $31,000. Finally, SJS Investment Consulting Inc. raised its holdings in Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock worth $45,000 after buying an additional 396 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on ALSN. Raymond James dropped their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Robert W. Baird dropped their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley lifted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Two investment 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, Allison Transmission currently has an average rating of "Hold" and an average target price of $98.63.

Insider Activity

In related news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated 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. The trade was a 24.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Coll sold 1,788 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Allison Transmission Trading Down 1.5%

Shares of NYSE ALSN traded down $1.58 during trading on Friday, reaching $101.95. The stock had a trading volume of 132,496 shares, compared to its average volume of 637,213. The company has a market cap of $8.59 billion, a P/E ratio of 12.27 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The business's 50-day moving average price is $95.25 and its 200-day moving average price is $105.51. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating 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 business had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. During the same period in the prior year, the company earned $1.90 earnings per share. The company's revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Monday, May 19th. Allison Transmission's payout ratio is 12.50%.

Allison Transmission announced that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.