XTX Topco Ltd Decreases Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

XTX Topco Ltd reduced its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 73.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,685 shares of the auto parts company's stock after selling 13,134 shares during the period. XTX Topco Ltd's holdings in Allison Transmission were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. SRH Advisors LLC bought a new stake in Allison Transmission during the fourth quarter worth approximately $26,000. World Investment Advisors LLC purchased a new position in Allison Transmission during the third quarter worth $29,000. Kestra Investment Management LLC bought a new position in Allison Transmission during the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Allison Transmission in the 4th quarter worth about $31,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Allison Transmission during the 4th quarter worth about $42,000. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Raymond James decreased their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Citigroup dropped their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Robert W. Baird reduced their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price 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, StockNews.com lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Saturday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $97.88.

Insiders Place Their Bets

In related news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction 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 approximately $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction on 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 directly 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 disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Allison Transmission Stock Down 0.8 %

Shares of Allison Transmission stock traded down $0.70 on Friday, reaching $91.69. The stock had a trading volume of 104,263 shares, compared to its average volume of 752,476. The stock has a market capitalization of $7.81 billion, a P/E ratio of 11.03 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. 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 company has a 50 day moving average price of $94.86 and a 200 day moving average price of $105.66.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.18%. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's dividend payout ratio is presently 13.00%.

Allison Transmission announced that its Board of Directors has approved a stock 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 repurchase up to 57.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

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.