Two Sigma Advisers LP Decreases Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Two Sigma Advisers LP reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 63.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,996 shares of the auto parts company's stock after selling 117,400 shares during the period. Two Sigma Advisers LP owned approximately 0.08% of Allison Transmission worth $7,348,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in shares of Allison Transmission in the 4th quarter valued at about $25,000. SRH Advisors LLC bought a new position in Allison Transmission during the 4th quarter valued at $26,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission during the 4th quarter valued at about $30,000. Proficio Capital Partners LLC acquired a new position in shares of Allison Transmission in the 4th quarter valued at $42,000. Finally, SJS Investment Consulting Inc. lifted its holdings in Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock worth $45,000 after purchasing an additional 396 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value 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 approximately $1,360,075.60. This trade represents a 24.33% decrease in their ownership of the stock. The sale 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 business's 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 transaction, the senior vice president now 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 disclosure for this sale can be found here. Insiders sold 9,746 shares of company stock valued at $966,854 over the last quarter. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird cut their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wall Street Zen upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Raymond James dropped their price target on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday. Two research 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $98.13.

Allison Transmission Price Performance

NYSE ALSN traded down $0.27 during midday trading on Thursday, hitting $103.97. The company had a trading volume of 155,371 shares, compared to its average volume of 734,961. The company has a market capitalization of $8.76 billion, a PE ratio of 12.51 and a beta of 0.97. The firm has a 50-day moving average price of $95.68 and a 200-day moving average price of $105.16. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.97 by $0.26. The business had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The company's revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 earnings per share. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its Board of Directors has initiated a share repurchase 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 reacquire up to 57.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Allison Transmission Dividend Announcement

The company also recently disclosed 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. This represents a $1.08 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Monday, May 19th. Allison Transmission's dividend payout ratio is currently 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.