Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Holdings Cut by Franklin Resources Inc.

Franklin Resources Inc. cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 240,314 shares of the auto parts company’s stock after selling 9,736 shares during the quarter. Franklin Resources Inc. owned 0.28% of Allison Transmission worth $25,968,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SRH Advisors LLC acquired a new stake in Allison Transmission during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new stake in shares of Allison Transmission during the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allison Transmission during the 4th quarter valued at $31,000. Quarry LP boosted its stake in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its position in shares of Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock worth $45,000 after purchasing an additional 396 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of recent analyst reports. StockNews.com lowered Allison Transmission from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Citigroup lowered their price objective on shares of Allison Transmission from $115.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. Finally, Morgan Stanley increased their target price on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and an average price target of $101.13.

Allison Transmission Trading Down 4.9 %

Allison Transmission stock opened at $86.01 on Monday. The company’s fifty day simple moving average is $102.54 and its 200-day simple moving average is $106.66. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 12 month low of $71.49 and a 12 month high of $122.53. The stock has a market cap of $7.33 billion, a P/E ratio of 10.35 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share 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%. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal 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 issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, March 3rd. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio (DPR) is 13.00%.

Allison Transmission announced that its Board of Directors has authorized a stock buyback program on Thursday, February 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares of the company’s stock, valued at $1,466,938.04. The trade was a 10.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 14,138 shares of the company’s stock, valued at $1,360,075.60. This 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.

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.