Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Allworth Financial LP

Allworth Financial LP trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 33.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217 shares of the auto parts company’s stock after selling 107 shares during the quarter. Allworth Financial LP’s holdings in Allison Transmission were worth $26,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Principal Securities Inc. increased its position in shares of Allison Transmission by 7.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $210,000 after purchasing an additional 129 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Allison Transmission during the fourth quarter worth approximately $1,140,000. Allspring Global Investments Holdings LLC increased 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 in the last quarter. Certuity LLC purchased a new stake in shares of Allison Transmission during the fourth quarter worth approximately $324,000. Finally, SRH Advisors LLC purchased a new stake in shares of Allison Transmission during the fourth quarter worth approximately $26,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

NYSE ALSN opened at $100.41 on Thursday. The stock has a market cap of $8.59 billion, a PE ratio of 12.08 and a beta of 1.00. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. The stock has a fifty day simple moving average of $110.92 and a 200-day simple moving average of $104.83.

Allison Transmission (NYSE:ALSN) last released 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 return on equity of 47.95% and a net margin of 22.67%. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be 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 is Monday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.08%. Allison Transmission’s dividend payout ratio is presently 12.03%.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Citigroup dropped their target price on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Morgan Stanley upped 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. Finally, The Goldman Sachs Group upped their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and an average target price of $100.75.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares of the company’s stock, valued at approximately $695,928. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,165,413.52. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate insiders.

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.