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

BNP Paribas Financial Markets trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 54.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,857 shares of the auto parts company's stock after selling 19,101 shares during the period. BNP Paribas Financial Markets' holdings in Allison Transmission were worth $1,714,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. FMR LLC boosted its holdings in shares of Allison Transmission by 1.9% in the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Allison Transmission by 3.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock worth $286,683,000 after acquiring an additional 76,840 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Allison Transmission by 301.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after acquiring an additional 1,785,687 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Allison Transmission by 7.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock valued at $114,690,000 after acquiring an additional 69,008 shares during the period. Finally, Norges Bank bought a new stake in shares of Allison Transmission during the 4th quarter valued at $108,916,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

NYSE ALSN traded down $0.34 on Thursday, hitting $103.50. The company had a trading volume of 200,852 shares, compared to its average volume of 638,203. 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 company has a market capitalization of $8.72 billion, a PE ratio of 12.45 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The company's fifty day moving average price is $95.13 and its 200-day moving average price is $105.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $792.18 million. During the same quarter last year, the business posted $1.90 earnings per share. The business's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

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

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley lifted their target price 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. Raymond James decreased their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered 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. Robert W. Baird reduced their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Citigroup lowered their price target 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $98.63.

Insider Buying and Selling

In related news, SVP John Coll sold 1,788 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares of the company's stock, valued at $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 corporate insiders.

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.