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

Burgundy Asset Management Ltd. decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,471,792 shares of the auto parts company's stock after selling 572,044 shares during the period. Allison Transmission makes up approximately 2.7% of Burgundy Asset Management Ltd.'s investment portfolio, making the stock its 6th largest holding. Burgundy Asset Management Ltd. owned 2.85% of Allison Transmission worth $267,102,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Transce3nd LLC purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $25,000. SRH Advisors LLC purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $30,000. Proficio Capital Partners LLC purchased a new stake in Allison Transmission in the 4th quarter worth approximately $42,000. Finally, SJS Investment Consulting Inc. boosted its position in Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock worth $45,000 after purchasing an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value 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 $1,466,938.04. This trade represents a 10.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction 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 completion of the sale, the vice president now directly owns 14,138 shares of the company's stock, valued at $1,360,075.60. This trade represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,746 shares of company stock valued at $966,854 in the last three months. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on ALSN shares. Morgan Stanley upped their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. 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. Citigroup lowered their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen raised Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Raymond James reduced their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Two investment 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $98.13.

Allison Transmission Price Performance

Shares of ALSN stock traded up $2.21 during trading hours on Tuesday, hitting $104.55. 400,447 shares of the company's stock were exchanged, compared to its average volume of 640,425. The firm has a 50 day moving average of $95.41 and a two-hundred day moving average of $105.17. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The firm has a market cap of $8.81 billion, a P/E ratio of 12.58 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS 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 firm 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 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

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

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) 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.