Foyston Gordon & Payne Inc Has $16.76 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Foyston Gordon & Payne Inc lowered its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 15.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 155,065 shares of the auto parts company's stock after selling 27,450 shares during the period. Allison Transmission comprises about 4.4% of Foyston Gordon & Payne Inc's portfolio, making the stock its 8th biggest position. Foyston Gordon & Payne Inc owned about 0.18% of Allison Transmission worth $16,756,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. DGS Capital Management LLC raised its holdings in Allison Transmission by 2.5% during the 4th quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock worth $370,000 after purchasing an additional 84 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Allison Transmission by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock worth $1,661,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System boosted its position in shares of Allison Transmission by 0.4% during the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock worth $2,733,000 after purchasing an additional 100 shares in the last quarter. Amalgamated Bank grew its stake in Allison Transmission by 1.6% in the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after acquiring an additional 103 shares during the period. Finally, Principal Securities Inc. increased its holdings in Allison Transmission by 7.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $210,000 after purchasing an additional 129 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Trading Up 0.4%

Shares of NYSE ALSN traded up $0.40 during mid-day trading on Thursday, hitting $105.47. The stock had a trading volume of 174,565 shares, compared to its average volume of 638,767. The business has a 50 day moving average price of $94.16 and a two-hundred day moving average price of $105.49. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year 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. The firm has a market cap of $8.89 billion, a P/E ratio of 12.69 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued 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 firm 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 quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 earnings per share. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, May 19th. Allison Transmission's payout ratio is 12.50%.

Allison Transmission declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ALSN shares. Morgan Stanley lifted their target price on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. dropped 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. Citigroup lowered their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird cut their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, StockNews.com raised Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $98.63.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,466,938.04. This 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 Allison Transmission stock in a transaction that occurred 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 transaction, the vice president now owns 14,138 shares of the company's stock, 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. 1.10% of the stock is currently owned by company insiders.

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.