Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 66.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,102 shares of the auto parts company's stock after selling 29,446 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Allison Transmission were worth $1,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of 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 buying an additional 247,318 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Allison Transmission by 3.0% during 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 purchasing an additional 76,840 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of 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 purchasing an additional 1,785,687 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Allison Transmission by 7.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after purchasing an additional 69,008 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $108,916,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the sale, the vice president now directly owns 11,924 shares in the company, valued at $1,254,881.76. This trade represents a 22.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,746 shares of company stock valued at $966,854 over the last quarter. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup dropped their price target on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group increased their price objective on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday. Wall Street Zen raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Robert W. Baird decreased their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $98.13.

Allison Transmission Stock Performance

Shares of ALSN stock traded up $2.21 during mid-day trading on Tuesday, hitting $104.55. The stock had a trading volume of 400,651 shares, compared to its average volume of 640,722. The firm has a market cap of $8.81 billion, a PE ratio of 12.58 and a beta of 0.97. The company's 50-day simple moving average is $95.52 and its 200-day simple moving average is $105.16. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. 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 results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (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 firm had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. During the same period in the prior year, the company posted $1.90 earnings per share. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to reacquire up to 57.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.03%. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

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.