Two Sigma Advisers LP Cuts Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Two Sigma Advisers LP decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 63.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Transce3nd LLC bought a new position in shares of Allison Transmission in the 4th quarter worth about $25,000. SRH Advisors LLC acquired a new stake in Allison Transmission during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC bought a new stake in Allison Transmission in the fourth quarter worth approximately $30,000. SJS Investment Consulting Inc. lifted its stake in Allison Transmission by 1,650.0% in the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock valued at $45,000 after buying an additional 396 shares during the period. Finally, Whittier Trust Co. acquired a new position in Allison Transmission in the fourth quarter valued at approximately $61,000. Institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Up 2.2%

Shares of NYSE ALSN traded up $2.21 during mid-day trading on Tuesday, reaching $104.55. 400,651 shares of the company's stock traded hands, compared to its average volume of 640,722. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The business has a 50-day simple moving average of $95.41 and a 200 day simple moving average of $105.17. The stock has a market cap of $8.81 billion, a P/E ratio of 12.58 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released 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. The business had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 EPS. On average, analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its Board of Directors has approved a share buyback program on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Allison Transmission Announces Dividend

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

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the company'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 of the company's stock, valued at approximately $1,360,075.60. This represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,746 shares of company stock valued at $966,854. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ALSN has been the subject of several research analyst reports. Citigroup lowered their price objective 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 for the company in a report on Tuesday, April 15th. Morgan Stanley upped their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $98.13.

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.