Polaris Capital Management LLC Cuts Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Polaris Capital Management LLC lowered its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 907,400 shares of the auto parts company's stock after selling 30,500 shares during the quarter. Allison Transmission makes up about 2.5% of Polaris Capital Management LLC's holdings, making the stock its 6th largest holding. Polaris Capital Management LLC owned 1.01% of Allison Transmission worth $52,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in Allison Transmission by 97.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,184 shares of the auto parts company's stock valued at $1,074,000 after acquiring an additional 8,969 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Allison Transmission by 20.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,615 shares of the auto parts company's stock valued at $627,000 after purchasing an additional 1,781 shares during the last quarter. Raymond James & Associates lifted its position in Allison Transmission by 43.7% during the third quarter. Raymond James & Associates now owns 146,716 shares of the auto parts company's stock worth $8,665,000 after buying an additional 44,588 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Allison Transmission by 12.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,262 shares of the auto parts company's stock worth $1,138,000 after buying an additional 2,157 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Allison Transmission by 43.1% during the third quarter. Mackenzie Financial Corp now owns 127,146 shares of the auto parts company's stock worth $7,372,000 after buying an additional 38,273 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 2,598 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now owns 14,456 shares of the company's stock, valued at $1,089,982.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO David S. Graziosi sold 76,318 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now directly owns 125,479 shares of the company's stock, valued at $8,855,053.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the transaction, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The disclosure for this sale can be found here. Insiders sold a total of 87,843 shares of company stock worth $6,244,562 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Trading Down 0.4 %

Allison Transmission stock traded down $0.29 during trading on Friday, hitting $76.52. The company had a trading volume of 644,664 shares, compared to its average volume of 771,617. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.04. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. Allison Transmission Holdings, Inc. has a 1-year low of $47.22 and a 1-year high of $83.42. The company's 50 day simple moving average is $78.13 and its 200-day simple moving average is $65.58.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. Allison Transmission's revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 EPS. As a group, analysts expect that Allison Transmission Holdings, Inc. will post 7.56 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 31st. Shareholders of record on Monday, May 20th will be given a $0.25 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.31%. Allison Transmission's dividend payout ratio is presently 13.35%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALSN. Oppenheimer boosted their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the company a "sell" rating in a report on Tuesday, April 16th. Robert W. Baird increased their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the company a "neutral" rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, April 15th. Finally, StockNews.com lowered Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $71.71.

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.