Capital Fund Management S.A. lowered its holdings in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 17.1% in the fourth quarter, Holdings Channel reports. The fund owned 485,829 shares of the auto parts company’s stock after selling 100,240 shares during the quarter. Capital Fund Management S.A.’s holdings in Allison Transmission were worth $20,925,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in shares of Allison Transmission by 751.1% during the second quarter. Ameriprise Financial Inc. now owns 56,578 shares of the auto parts company’s stock worth $2,121,000 after buying an additional 49,930 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Allison Transmission by 11.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,403,681 shares of the auto parts company’s stock worth $52,650,000 after buying an additional 141,741 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Allison Transmission by 20.8% during the second quarter. Voya Investment Management LLC now owns 51,496 shares of the auto parts company’s stock worth $1,932,000 after buying an additional 8,854 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Allison Transmission by 12.7% during the second quarter. Stifel Financial Corp now owns 27,312 shares of the auto parts company’s stock worth $1,038,000 after buying an additional 3,084 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Allison Transmission by 50.6% during the second quarter. Royal Bank of Canada now owns 22,226 shares of the auto parts company’s stock worth $834,000 after buying an additional 7,466 shares in the last quarter.
In other Allison Transmission news, VP Eric C. Scroggins sold 4,330 shares of Allison Transmission stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $44.00, for a total transaction of $190,520.00. Following the transaction, the vice president now directly owns 20,310 shares of the company’s stock, valued at $893,640. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Eric C. Scroggins sold 7,500 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $39.51, for a total transaction of $296,325.00. Following the transaction, the vice president now directly owns 23,480 shares in the company, valued at $927,694.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,413,129 shares of company stock worth $150,042,595. 7.90% of the stock is currently owned by corporate insiders.
Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.89. The firm had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $576.57 million. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. Allison Transmission’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. equities research analysts predict that Allison Transmission Holdings Inc will post 2.49 EPS for the current year.
Allison Transmission declared that its board has approved a share repurchase program on Wednesday, November 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.42%. Allison Transmission’s dividend payout ratio (DPR) is 26.55%.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday. Stifel Nicolaus set a $44.00 target price on shares of Allison Transmission and gave the company a “hold” rating in a report on Friday, February 9th. William Blair restated a “buy” rating on shares of Allison Transmission in a report on Tuesday. Bank of America downgraded shares of Allison Transmission from a “buy” rating to a “neutral” rating and lowered their target price for the company from $52.00 to $48.00 in a report on Thursday, February 8th. Finally, Buckingham Research boosted their target price on shares of Allison Transmission from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.55.
About Allison Transmission
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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