Jacobs Levy Equity Management Inc. Has $47.16 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jacobs Levy Equity Management Inc. decreased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 436,439 shares of the auto parts company's stock after selling 170,844 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.50% of Allison Transmission worth $47,162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Transce3nd LLC acquired a new stake in Allison Transmission in the fourth quarter worth about $25,000. SRH Advisors LLC acquired a new stake in Allison Transmission in the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new stake in Allison Transmission in the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Allison Transmission in the fourth quarter worth about $31,000. Finally, SJS Investment Consulting Inc. lifted its holdings 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 worth $45,000 after purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALSN. Robert W. Baird reduced their price objective 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. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Raymond James reduced their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Citigroup dropped their price target 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $98.63.

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. The trade was a 24.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

Allison Transmission stock traded up $1.13 during midday trading on Friday, hitting $106.29. The company's stock had a trading volume of 622,208 shares, compared to its average volume of 641,242. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The stock's 50-day moving average price is $94.52 and its 200-day moving average price is $105.55. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53. The company has a market capitalization of $8.96 billion, a PE ratio of 12.79 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.26. The firm had revenue of $766.00 million for 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 business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.90 EPS. Analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders 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 1.02%. Allison Transmission's payout ratio is presently 12.50%.

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

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.