Ethic Inc. Sells 258 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Ethic Inc. trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,525 shares of the auto parts company’s stock after selling 258 shares during the quarter. Ethic Inc.’s holdings in Allison Transmission were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Transce3nd LLC acquired a new stake in Allison Transmission in the 4th quarter valued at $25,000. SRH Advisors LLC bought a new position in shares of Allison Transmission during the fourth quarter valued at $26,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission during the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allison Transmission in the 4th quarter valued at $31,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Allison Transmission in the 4th quarter worth about $42,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Up 4.7%

NYSE ALSN opened at $103.35 on Tuesday. The stock has a market capitalization of $8.71 billion, a P/E ratio of 12.44 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The stock has a fifty day moving average of $93.84 and a 200-day moving average of $105.50.

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

Allison Transmission declared that its Board of Directors has initiated a share buyback program 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 buy up to 57.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission’s dividend payout ratio is 12.50%.

Insider Buying and Selling

In other news, SVP John Coll sold 1,788 shares of the stock in a transaction on Tuesday, April 1st. The stock was 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 of the company’s stock, valued at $1,466,938.04. This represents a 10.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value 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. This represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ALSN has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, April 11th. StockNews.com upgraded Allison Transmission from a “hold” rating to a “buy” rating in a report on Monday. Robert W. Baird lowered their target price on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Citigroup reduced their price target on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Raymond James decreased their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Two equities research 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $98.63.

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.