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

Two Sigma Advisers LP decreased 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 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 quarter. Two Sigma Advisers LP owned 0.08% of Allison Transmission worth $7,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Transce3nd LLC bought a new stake in shares of Allison Transmission during the 4th quarter worth $25,000. SRH Advisors LLC acquired a new stake in Allison Transmission in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new stake in Allison Transmission in the fourth quarter valued at approximately $30,000. Proficio Capital Partners LLC bought a new stake in shares of Allison Transmission during the fourth quarter worth $42,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock worth $45,000 after buying an additional 396 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the business's stock in a transaction 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 transaction, the vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 1,788 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now directly owns 15,388 shares in the company, 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. In the last ninety days, insiders sold 9,746 shares of company stock worth $966,854. 1.20% of the stock is owned by corporate insiders.

Allison Transmission Trading Down 0.4%

ALSN stock traded down $0.43 on Wednesday, reaching $104.16. The company's stock had a trading volume of 575,027 shares, compared to its average volume of 640,460. The firm has a market cap of $8.78 billion, a PE ratio of 12.53 and a beta of 0.97. The business has a fifty day simple moving average of $95.52 and a two-hundred day simple moving average of $105.16. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

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 for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $792.18 million. During the same period in the previous year, the company posted $1.90 earnings per share. The firm's revenue was down 2.9% on a year-over-year basis. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission announced that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management 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. 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 yield of 1.04%. The ex-dividend date is Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is 12.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALSN shares. Citigroup cut their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird cut their price objective 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. Wall Street Zen raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. The Goldman Sachs Group boosted their price objective on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target 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 investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and an average price target of $98.13.

About Allison Transmission

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.