Systematic Financial Management LP Lowers Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Systematic Financial Management LP trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,455 shares of the auto parts company’s stock after selling 130 shares during the quarter. Systematic Financial Management LP’s holdings in Allison Transmission were worth $2,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transce3nd LLC purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $25,000. SRH Advisors LLC purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $31,000. Finally, SJS Investment Consulting Inc. raised its stake 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 valued at $45,000 after purchasing an additional 396 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Up 1.1%

Shares of Allison Transmission stock opened at $106.29 on Friday. 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 52-week low of $71.49 and a 52-week high of $122.53. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 12.79 and a beta of 0.97. The company’s 50 day moving average price is $94.52 and its 200-day moving average price is $105.55.

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, topping the consensus estimate of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm had revenue of $766.00 million for the quarter, compared to analysts’ expectations of $792.18 million. During the same quarter last year, the business earned $1.90 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued 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 dividend payout ratio is 12.50%.

Allison Transmission declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ALSN shares. Robert W. Baird lowered their target price on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Citigroup reduced 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. Raymond James reduced 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. Finally, JPMorgan Chase & Co. reduced 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and an average target price of $98.63.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction 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 completion of the sale, the senior vice president now owns 15,388 shares in the company, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.