Foyston Gordon & Payne Inc Cuts Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Foyston Gordon & Payne Inc lowered its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 15.0% in the 4th quarter, HoldingsChannel reports. The firm owned 155,065 shares of the auto parts company’s stock after selling 27,450 shares during the period. Allison Transmission makes up approximately 4.4% of Foyston Gordon & Payne Inc’s holdings, making the stock its 8th largest holding. Foyston Gordon & Payne Inc’s holdings in Allison Transmission were worth $16,756,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. EAM Investors LLC bought a new stake in Allison Transmission in the 4th quarter valued at about $5,766,000. Smith Group Asset Management LLC bought a new stake in shares of Allison Transmission during the fourth quarter valued at approximately $2,161,000. Allspring Global Investments Holdings LLC raised its position in shares of Allison Transmission by 18.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company’s stock worth $31,643,000 after purchasing an additional 46,435 shares during the period. Teacher Retirement System of Texas raised its position in shares of Allison Transmission by 14.5% during the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company’s stock worth $5,729,000 after purchasing an additional 6,728 shares during the period. Finally, Convergence Investment Partners LLC lifted its holdings in shares of Allison Transmission by 115.6% in the 4th quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company’s stock worth $1,507,000 after purchasing an additional 7,479 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 other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the senior vice president now owns 15,388 shares of the company’s stock, valued at approximately $1,466,938.04. This trade 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Citigroup lowered their target price on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. StockNews.com upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. Raymond James lowered their price objective on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley lifted their target price on Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $98.63.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $98.78 on Friday. The firm has a market capitalization of $8.32 billion, a P/E ratio of 11.89 and a beta of 0.97. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The business’s fifty day simple moving average is $93.72 and its 200 day simple moving average is $105.37. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.26. The company had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 EPS. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its board has authorized a share buyback plan on Thursday, February 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.09%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.50%.

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.