Burney Co. Sells 14,173 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Burney Co. trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.0% in the fourth quarter, HoldingsChannel reports. The firm owned 343,488 shares of the auto parts company’s stock after selling 14,173 shares during the quarter. Allison Transmission accounts for about 1.3% of Burney Co.’s holdings, making the stock its 11th largest holding. Burney Co.’s holdings in Allison Transmission were worth $37,117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALSN. FMR LLC increased its stake in shares of Allison Transmission by 24.3% during the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after purchasing an additional 2,493,310 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after buying an additional 79,506 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Allison Transmission by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after buying an additional 41,168 shares during the period. State Street Corp grew its stake in Allison Transmission by 0.8% in the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock valued at $161,597,000 after buying an additional 13,252 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Allison Transmission by 34.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after acquiring an additional 233,214 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the transaction, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at $695,928. This represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,639 shares of company stock worth $2,683,537. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup decreased their price objective on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Robert W. Baird raised their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley upped their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $101.38.

Allison Transmission Stock Performance

NYSE:ALSN opened at $117.10 on Wednesday. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 2.03 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 1-year low of $55.81 and a 1-year high of $122.53. The business has a 50 day moving average of $114.04 and a 200 day moving average of $98.42. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. On average, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. Allison Transmission’s dividend payout ratio (DPR) is currently 12.18%.

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.