Man Group plc Lowers Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Man Group plc trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,240 shares of the auto parts company's stock after selling 8,579 shares during the quarter. Man Group plc owned about 0.08% of Allison Transmission worth $7,698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DGS Capital Management LLC lifted its position in Allison Transmission by 2.5% in the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock worth $370,000 after buying an additional 84 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Allison Transmission by 0.4% during the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock valued at $2,733,000 after buying an additional 100 shares during the period. Amalgamated Bank increased its stake in shares of Allison Transmission by 1.6% during the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after buying an additional 103 shares during the period. Principal Securities Inc. increased its stake in shares of Allison Transmission by 7.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $210,000 after buying an additional 129 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of Allison Transmission by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 2,679 shares of the auto parts company's stock valued at $289,000 after buying an additional 137 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALSN has been the topic of several research reports. Raymond James cut their price target 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. Robert W. Baird cut their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut 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 lifted their target price 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, Wall Street Zen raised Allison Transmission from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission has an average rating of "Hold" and an average price target of $98.63.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the company's 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 transaction, the vice president now directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. This represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This trade represents a 10.41% 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 Stock Performance

NYSE:ALSN traded down $0.38 during trading hours on Thursday, reaching $103.46. The company had a trading volume of 449,150 shares, compared to its average volume of 639,211. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The firm has a market cap of $8.72 billion, a PE ratio of 12.45 and a beta of 0.97. The business's 50 day moving average price is $95.13 and its 200-day moving average price is $105.53. 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 (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. During the same period in the previous year, the company posted $1.90 earnings per share. Allison Transmission's revenue for the quarter was down 2.9% on a year-over-year basis. Research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

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

Allison Transmission declared that its board has approved a stock buyback plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are usually 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.