BNP Paribas Financial Markets Trims Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

BNP Paribas Financial Markets reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 54.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,857 shares of the auto parts company's stock after selling 19,101 shares during the quarter. BNP Paribas Financial Markets' holdings in Allison Transmission were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ALSN. Transce3nd LLC purchased a new position in shares of Allison Transmission during the fourth quarter worth approximately $25,000. SRH Advisors LLC purchased a new position in shares of Allison Transmission during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new position in shares of Allison Transmission during the fourth quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission during the fourth quarter worth approximately $31,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Allison Transmission during the fourth quarter worth approximately $42,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALSN has been the topic of several research reports. Citigroup decreased their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased 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. Wall Street Zen raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Morgan Stanley lifted their price target 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. Finally, Raymond James decreased their target price 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. Two investment 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. According to data from MarketBeat, Allison Transmission has a consensus rating of "Hold" and a consensus target price of $98.63.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 1,788 shares of Allison Transmission 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 owns 15,388 shares in the company, valued at $1,466,938.04. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,746 shares of company stock worth $966,854 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Trading Down 1.1%

Shares of NYSE ALSN traded down $1.15 during mid-day trading on Friday, hitting $102.38. The stock had a trading volume of 564,574 shares, compared to its average volume of 640,176. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The business has a 50 day moving average price of $95.34 and a two-hundred day moving average price of $105.46. The firm has a market cap of $8.63 billion, a P/E ratio of 12.32 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its 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 net margin of 22.67% and a return on equity of 47.95%. The company had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. During the same period in the previous year, the firm earned $1.90 earnings per share. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

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. This represents a $1.08 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is currently 12.50%.

Allison Transmission announced that its board has authorized a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in outstanding 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 leadership believes its stock is 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.