Hussman Strategic Advisors Inc. Sells 10,500 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Hussman Strategic Advisors Inc. trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,500 shares of the auto parts company’s stock after selling 10,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Allison Transmission were worth $1,135,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. DGS Capital Management LLC grew its stake in Allison Transmission by 2.5% during the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock worth $370,000 after buying an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Allison Transmission by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock worth $1,661,000 after buying an additional 100 shares in the last quarter. Quarry LP grew its stake in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after buying an additional 114 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in Allison Transmission by 3.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock worth $355,000 after buying an additional 126 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in Allison Transmission by 7.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $210,000 after buying an additional 129 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Stock Down 1.4 %

NYSE:ALSN opened at $102.34 on Friday. The firm’s 50 day simple moving average is $111.81 and its 200 day simple moving average is $104.21. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. Allison Transmission Holdings, Inc. has a one year low of $69.80 and a one year high of $122.53. The company has a market cap of $8.75 billion, a PE ratio of 12.31 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last posted its 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, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission declared that its board has initiated a stock repurchase 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 reacquire up to 57.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.27 per share. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.06%. Allison Transmission’s dividend payout ratio (DPR) is currently 12.03%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the transaction, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,165,413.52. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,639 shares of company stock worth $2,448,077 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. 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 research note on Wednesday, October 30th. Bank of America raised their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup reduced their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, Morgan Stanley raised their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $100.75.

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.