US Bancorp DE Sells 1,013 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

US Bancorp DE trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,608 shares of the auto parts company’s stock after selling 1,013 shares during the quarter. US Bancorp DE’s holdings in Allison Transmission were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SRH Advisors LLC bought a new stake in Allison Transmission in the 4th quarter valued at $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 acquired a new stake in Allison Transmission during the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission in the 4th quarter valued at approximately $31,000. Finally, Quarry LP grew its holdings 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 purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ALSN shares. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley increased their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Citigroup decreased their price target on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and an average price target of $100.75.

Allison Transmission Trading Down 2.0 %

Shares of ALSN opened at $96.06 on Tuesday. 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 company has a market cap of $8.21 billion, a price-to-earnings ratio of 11.56 and a beta of 1.02. The stock has a fifty day moving average price of $109.08 and a two-hundred day moving average price of $105.62. 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 released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.27 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

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.