Man Group plc Has $7.70 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Man Group plc lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Several other large investors have also added to or reduced their stakes in the business. EAM Investors LLC bought a new position in Allison Transmission in the 4th quarter worth approximately $5,766,000. Smith Group Asset Management LLC bought a new position in Allison Transmission in the 4th quarter worth approximately $2,161,000. Allspring Global Investments Holdings LLC boosted its holdings in Allison Transmission by 18.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock worth $31,643,000 after buying an additional 46,435 shares during the period. Teacher Retirement System of Texas boosted its holdings in Allison Transmission by 14.5% in the 4th quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock worth $5,729,000 after buying an additional 6,728 shares during the period. Finally, Convergence Investment Partners LLC boosted its holdings in Allison Transmission by 115.6% in the 4th quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company's stock valued at $1,507,000 after purchasing an additional 7,479 shares during the period. Institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

ALSN has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Wall Street Zen raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Citigroup lowered their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird reduced their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Raymond James cut their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $98.63.

Allison Transmission Stock Performance

NYSE:ALSN traded down $1.15 during midday trading on Friday, reaching $102.38. The stock had a trading volume of 564,574 shares, compared to its average volume of 641,388. The stock has a market cap of $8.63 billion, a P/E ratio of 12.32 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The firm has a fifty day simple moving average of $95.34 and a two-hundred day simple moving average of $105.29. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45.

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 analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. During the same quarter in the prior year, the company posted $1.90 EPS. The company's quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's dividend payout ratio is currently 12.50%.

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

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the firm'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 completion of the sale, the senior vice president now directly owns 15,388 shares in the company, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the transaction, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,746 shares of company stock valued at $966,854. Corporate insiders own 1.10% of the company's stock.

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.