London Co. of Virginia Sells 14,897 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

London Co. of Virginia reduced its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,555,704 shares of the auto parts company's stock after selling 14,897 shares during the quarter. Allison Transmission makes up approximately 1.5% of London Co. of Virginia's holdings, making the stock its 19th biggest position. London Co. of Virginia owned approximately 2.95% of Allison Transmission worth $276,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EAM Investors LLC acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $5,766,000. Smith Group Asset Management LLC acquired a new position in Allison Transmission during the fourth quarter worth about $2,161,000. Allspring Global Investments Holdings LLC increased its position in Allison Transmission by 18.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock worth $31,643,000 after purchasing an additional 46,435 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Allison Transmission by 14.5% in the 4th quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock worth $5,729,000 after purchasing an additional 6,728 shares in the last quarter. Finally, Convergence Investment Partners LLC lifted its holdings in Allison Transmission by 115.6% during the 4th quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company's stock worth $1,507,000 after buying an additional 7,479 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALSN has been the subject of a number of research analyst reports. Raymond James lowered their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. StockNews.com raised Allison Transmission from a "hold" rating to a "buy" rating in a report on Monday. Morgan Stanley lifted their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Citigroup decreased their target price 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. 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 stock. According to MarketBeat, Allison Transmission currently has a consensus rating of "Hold" and an average target price of $98.63.

Insider Buying and Selling at Allison Transmission

In other news, 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 sale, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Allison Transmission Trading Up 0.1%

Allison Transmission stock traded up $0.15 during trading hours on Thursday, reaching $105.22. The company had a trading volume of 427,502 shares, compared to its average volume of 639,738. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 12.66 and a beta of 0.97. The company has a 50-day moving average price of $94.16 and a 200 day moving average price of $105.49. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. During the same period last year, the company posted $1.90 EPS. The company's quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.03%. Allison Transmission's dividend payout ratio is currently 12.50%.

Allison Transmission announced that its Board of Directors has initiated a share buyback 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 purchase up to 57.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

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.