Deutsche Bank AG Sells 3,786 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Deutsche Bank AG decreased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,817 shares of the auto parts company's stock after selling 3,786 shares during the quarter. Deutsche Bank AG's holdings in Allison Transmission were worth $1,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in Allison Transmission in the 4th quarter worth $25,000. SRH Advisors LLC purchased a new position in shares of Allison Transmission during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new position in shares of Allison Transmission during the fourth quarter valued at approximately $30,000. Proficio Capital Partners LLC purchased a new stake in Allison Transmission during the fourth quarter valued at approximately $42,000. Finally, Whittier Trust Co. bought a new stake in shares of Allison Transmission during the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on ALSN. Wall Street Zen raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Raymond James dropped 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 report on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley lifted their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Robert W. Baird dropped their price objective 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and a consensus price target of $98.13.

Insider Buying and Selling

In other 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 transaction of $170,450.04. Following the sale, the senior vice president now directly owns 15,388 shares in the company, valued at approximately $1,466,938.04. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 of the company's stock, valued at $1,360,075.60. This 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 in the last 90 days. Corporate insiders own 1.20% of the company's stock.

Allison Transmission Stock Performance

Shares of ALSN stock traded down $0.37 during trading hours on Friday, reaching $104.43. The stock had a trading volume of 46,605 shares, compared to its average volume of 640,349. 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 twelve month low of $71.49 and a twelve month high of $122.53. The firm has a 50-day simple moving average of $95.76 and a 200-day simple moving average of $105.05. The firm has a market capitalization of $8.80 billion, a PE ratio of 12.57 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced 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. The company had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company posted $1.90 earnings per share. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.03%. Allison Transmission's dividend payout ratio is presently 12.50%.

Allison Transmission announced that its board has authorized a stock buyback plan on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

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.