Allison Transmission Holdings, Inc. (NYSE:ALSN) Stake Decreased by Shell Asset Management Co.

Shell Asset Management Co. lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 26.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,992 shares of the auto parts company’s stock after selling 2,102 shares during the quarter. Shell Asset Management Co.’s holdings in Allison Transmission were worth $647,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Transce3nd LLC acquired a new position in shares of Allison Transmission during the fourth quarter valued at approximately $25,000. SRH Advisors LLC acquired a new position in Allison Transmission in the fourth quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new position in Allison Transmission in the fourth quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission in the fourth quarter worth approximately $31,000. Finally, SJS Investment Consulting Inc. grew its position in Allison Transmission by 1,650.0% in the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock worth $45,000 after buying an additional 396 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALSN. Morgan Stanley lifted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Citigroup decreased 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. JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Robert W. Baird decreased their price target on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Finally, Raymond James decreased their price target on shares of Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.63.

Allison Transmission Trading Up 1.1%

NYSE ALSN opened at $106.29 on Monday. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month 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 market cap of $8.96 billion, a price-to-earnings ratio of 12.79 and a beta of 0.97. The firm’s 50 day moving average price is $94.52 and its two-hundred day moving average price is $105.54.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.90 EPS. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission’s payout ratio is presently 12.50%.

Allison Transmission declared that its board has authorized a share buyback program on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was a 24.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 1,788 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction 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 position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.