Sei Investments Co. Sells 25,905 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sei Investments Co. decreased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,426 shares of the auto parts company’s stock after selling 25,905 shares during the period. Sei Investments Co. owned about 0.30% of Allison Transmission worth $27,925,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ALSN. SRH Advisors LLC bought a new position in shares of Allison Transmission in the 4th quarter valued at $26,000. World Investment Advisors LLC acquired a new position in Allison Transmission in the 3rd quarter worth about $29,000. Kestra Investment Management LLC bought a new position in Allison Transmission in the fourth quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allison Transmission during the fourth quarter valued at about $31,000. Finally, Quarry LP grew its holdings in shares of 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 purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Citigroup dropped 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 note on Wednesday, February 12th. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Finally, Morgan Stanley upped their price target on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.00.

Allison Transmission Stock Down 0.1 %

Shares of Allison Transmission stock opened at $100.22 on Wednesday. The stock’s 50-day moving average is $106.34 and its 200 day moving average is $106.21. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 12.06 and a beta of 1.02. 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 (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.27 dividend. 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 1.08%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission’s payout ratio is 13.00%.

Allison Transmission declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s 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 completion of the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the transaction, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.