Burney Co. Cuts Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Burney Co. reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 329,265 shares of the auto parts company's stock after selling 14,223 shares during the period. Allison Transmission accounts for approximately 1.1% of Burney Co.'s investment portfolio, making the stock its 12th biggest position. Burney Co. owned approximately 0.39% of Allison Transmission worth $31,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ALSN. Loomis Sayles & Co. L P grew its stake in Allison Transmission by 301.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after buying an additional 1,785,687 shares in the last quarter. Norges Bank bought a new position in Allison Transmission in the 4th quarter valued at approximately $108,916,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in Allison Transmission by 4,877.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock valued at $48,035,000 after buying an additional 435,587 shares during the last quarter. Raymond James Financial Inc. bought a new position in Allison Transmission in the 4th quarter valued at approximately $41,081,000. Finally, FMR LLC raised its holdings in Allison Transmission by 1.9% during the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after purchasing an additional 247,318 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Trading Up 2.2%

Shares of Allison Transmission stock traded up $1.91 during midday trading on Wednesday, reaching $88.00. 1,016,474 shares of the company's stock traded hands, compared to its average volume of 688,015. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.37 and a current ratio of 3.05. The company has a market cap of $7.41 billion, a PE ratio of 10.19 and a beta of 0.96. The stock has a 50 day moving average of $97.33 and a 200-day moving average of $99.99. Allison Transmission Holdings, Inc. has a 12 month low of $78.71 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The firm had revenue of $766.00 million for the quarter, compared to analysts' expectations of $792.18 million. During the same period in the prior year, the firm posted $1.90 earnings per share. The company's quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, May 19th. Allison Transmission's dividend payout ratio is 12.50%.

Insiders Place Their Bets

In other news, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the transaction, the vice president owned 11,924 shares of the company's stock, valued at $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ALSN shares. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Raymond James Financial dropped their price objective on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Morgan Stanley boosted their price objective on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Citigroup reduced their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $98.38.

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.