Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC lowered its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,892 shares of the auto parts company’s stock after selling 9,599 shares during the period. Allison Transmission comprises about 2.0% of Isthmus Partners LLC’s portfolio, making the stock its 7th biggest holding. Isthmus Partners LLC’s holdings in Allison Transmission were worth $16,522,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ALSN. SRH Advisors LLC bought a new stake in shares of Allison Transmission during the fourth quarter worth $26,000. World Investment Advisors LLC acquired a new stake in shares of Allison Transmission during the 3rd quarter valued at $29,000. Kestra Investment Management LLC bought a new stake in Allison Transmission during the 4th quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission in the 4th quarter worth about $31,000. Finally, Quarry LP raised its position in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALSN shares. The Goldman Sachs Group upped their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Citigroup decreased their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Morgan Stanley boosted their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Two 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $100.75.

Allison Transmission Stock Up 2.2 %

Shares of NYSE ALSN opened at $98.12 on Monday. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week 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 company’s 50 day moving average price is $109.32 and its 200-day moving average price is $105.56. The company has a market capitalization of $8.39 billion, a P/E ratio of 11.81 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

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 a positive change from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.10%. Allison Transmission’s dividend payout ratio is presently 13.00%.

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

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by 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.