Allison Transmission Holdings, Inc. (NYSE:ALSN) Position Decreased by Seizert Capital Partners LLC

Seizert Capital Partners LLC lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.6% in the fourth quarter, Holdings Channel reports. The fund owned 632,481 shares of the auto parts company’s stock after selling 30,258 shares during the period. Allison Transmission makes up approximately 3.1% of Seizert Capital Partners LLC’s portfolio, making the stock its 3rd biggest holding. Seizert Capital Partners LLC’s holdings in Allison Transmission were worth $68,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Allison Transmission by 24.3% during the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after buying an additional 2,493,310 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after acquiring an additional 79,506 shares in the last quarter. State Street Corp lifted its stake in Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after purchasing an additional 13,252 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Allison Transmission by 7.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company’s stock valued at $114,690,000 after purchasing an additional 69,008 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after purchasing an additional 233,214 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

ALSN has been the subject of several recent analyst reports. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Citigroup reduced their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Finally, Morgan Stanley boosted their target price on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $100.75.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the transaction, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $96.49 on Wednesday. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 11.61 and a beta of 1.00. The firm’s fifty day moving average price is $110.05 and its 200 day moving average price is $105.34. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. 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 (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is presently 13.00%.

Allison Transmission announced that its board has approved a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership 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.