XTX Topco Ltd Sells 13,134 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

XTX Topco Ltd cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 73.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,685 shares of the auto parts company’s stock after selling 13,134 shares during the period. XTX Topco Ltd’s holdings in Allison Transmission were worth $506,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new stake in Allison Transmission during the 3rd quarter worth approximately $270,000. Barclays PLC increased its stake in shares of Allison Transmission by 23.4% in the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock valued at $5,902,000 after purchasing an additional 11,666 shares during the last quarter. World Investment Advisors LLC acquired a new position in Allison Transmission during the third quarter worth about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in Allison Transmission in the third quarter valued at approximately $67,000. Finally, Tri Ri Asset Management Corp acquired a new stake in shares of Allison Transmission during the 3rd quarter valued at $5,932,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ALSN. Citigroup decreased their price target on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Robert W. Baird cut their price target on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Morgan Stanley lowered their price objective on shares of Allison Transmission from $112.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Raymond James dropped their target price on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $97.88.

Insider Activity

In related news, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was 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 owns 14,138 shares of the company’s stock, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares of the company’s stock, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Trading Up 0.7 %

Shares of ALSN stock opened at $88.80 on Monday. The firm has a market cap of $7.57 billion, a P/E ratio of 10.69 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average of $95.97 and a 200-day moving average of $106.04.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data 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%. Sell-side analysts anticipate 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 was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.27 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

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

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.