Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 59.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,716 shares of the auto parts company’s stock after selling 34,554 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Allison Transmission were worth $2,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ALSN. Islay Capital Management LLC raised its holdings in Allison Transmission by 9.3% in the 4th quarter. Islay Capital Management LLC now owns 10,813 shares of the auto parts company’s stock valued at $1,168,000 after buying an additional 922 shares during the period. Wells Fargo & Company MN raised its stake in shares of Allison Transmission by 13.3% in the 4th quarter. Wells Fargo & Company MN now owns 227,851 shares of the auto parts company’s stock valued at $24,622,000 after acquiring an additional 26,755 shares during the period. Prudential PLC lifted its holdings in shares of Allison Transmission by 271.8% in the 4th quarter. Prudential PLC now owns 20,905 shares of the auto parts company’s stock worth $2,259,000 after acquiring an additional 15,283 shares during the last quarter. Columbia Asset Management purchased a new position in shares of Allison Transmission during the 4th quarter worth approximately $489,000. Finally, Villanova Investment Management Co LLC increased its holdings in Allison Transmission by 10.8% in the 4th quarter. Villanova Investment Management Co LLC now owns 20,645 shares of the auto parts company’s stock valued at $2,231,000 after purchasing an additional 2,015 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was 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. This represents a 24.33 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $84.41 on Tuesday. The business has a 50-day simple moving average of $101.92 and a 200-day simple moving average of $106.62. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The company has a market cap of $7.19 billion, a PE ratio of 10.16 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its board has approved a share buyback program on Thursday, February 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 57.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.28%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALSN. Morgan Stanley upped their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Citigroup decreased their target price on Allison Transmission from $115.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. The Goldman Sachs Group lifted their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. StockNews.com cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $101.13.

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.