Cerity Partners LLC Sells 15,666 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cerity Partners LLC lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,171 shares of the auto parts company’s stock after selling 15,666 shares during the quarter. Cerity Partners LLC owned approximately 0.09% of Allison Transmission worth $8,089,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ALSN. SRH Advisors LLC bought a new position in shares of Allison Transmission during the 4th quarter worth $26,000. World Investment Advisors LLC bought a new stake in shares of Allison Transmission in the third quarter valued at about $29,000. Kestra Investment Management LLC purchased a new stake in Allison Transmission in the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allison Transmission during the 4th quarter worth about $31,000. Finally, Proficio Capital Partners LLC purchased a new position in Allison Transmission during the 4th quarter valued at about $42,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALSN. Citigroup lowered their price target on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a report on Friday. Morgan Stanley lifted their price target on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, StockNews.com upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $98.00.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of the stock in a transaction dated 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 directly owns 15,388 shares of the company’s stock, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares of the company’s stock, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Up 0.0 %

Allison Transmission stock opened at $88.65 on Friday. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The business has a fifty day moving average price of $98.58 and a 200-day moving average price of $106.25. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 10.67 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. Allison Transmission’s dividend payout ratio is presently 13.00%.

Allison Transmission declared that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.