LSV Asset Management Lowers Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

LSV Asset Management lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 11.3% during the 4th quarter, HoldingsChannel reports. The firm owned 2,849,304 shares of the auto parts company’s stock after selling 361,300 shares during the quarter. LSV Asset Management’s holdings in Allison Transmission were worth $307,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. DGS Capital Management LLC raised its stake in Allison Transmission by 2.5% in the 4th quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock valued at $370,000 after purchasing an additional 84 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in 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 acquiring an additional 100 shares during the period. 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 raised its position in Allison Transmission by 1.6% in 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 in the last quarter. Finally, Quarry LP raised its position in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction 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 in the company, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $92.00 on Thursday. The firm has a market cap of $7.84 billion, a PE ratio of 11.07 and a beta of 0.95. The firm’s fifty day moving average is $99.59 and its 200-day moving average is $106.31. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.27 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission’s dividend payout ratio is presently 13.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ALSN shares. Citigroup cut their price target on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday. The Goldman Sachs Group boosted their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. StockNews.com downgraded Allison Transmission from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Morgan Stanley increased their target price on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $99.50.

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.