Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 530,811 shares of the auto parts company's stock after selling 33,291 shares during the period. Northern Trust Corp owned 0.61% of Allison Transmission worth $57,359,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. DGS Capital Management LLC boosted its holdings in Allison Transmission by 2.5% during the fourth 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 raised its holdings in shares of Allison Transmission by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock valued at $1,661,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its holdings in 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 valued at $2,733,000 after acquiring an additional 100 shares during the period. Amalgamated Bank increased its holdings in Allison Transmission by 1.6% during the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock valued at $690,000 after purchasing an additional 103 shares during the period. Finally, Principal Securities Inc. lifted its holdings in Allison Transmission by 7.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $210,000 after buying an additional 129 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the company'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 completion of the sale, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 1,788 shares of Allison Transmission 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 completion of the transaction, the senior vice president now directly owns 15,388 shares in the company, 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. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ALSN. Morgan Stanley lifted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup dropped their price target 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. StockNews.com upgraded Allison Transmission from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Raymond James reduced their price target on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. dropped their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note 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 issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $98.63.

Allison Transmission Stock Performance

ALSN traded up $3.00 on Monday, reaching $101.71. The company had a trading volume of 67,701 shares, compared to its average volume of 637,680. The stock has a 50-day moving average price of $93.72 and a 200-day moving average price of $105.46. The stock has a market capitalization of $8.57 billion, a PE ratio of 12.19 and a beta of 0.97. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. 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 issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping 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 return on equity of 47.95% and a net margin of 22.67%. The company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $1.90 earnings per share. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's payout ratio is currently 12.50%.

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.