Counterpoint Mutual Funds LLC Cuts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Counterpoint Mutual Funds LLC cut its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 49.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,881 shares of the auto parts company’s stock after selling 2,827 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Allison Transmission were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its position in shares of Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after buying an additional 2,493,310 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Allison Transmission by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after buying an additional 79,506 shares in the last quarter. State Street Corp grew its position in shares of Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Allison Transmission by 7.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company’s stock worth $114,690,000 after buying an additional 69,008 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after buying an additional 233,214 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $97.30 on Tuesday. The company has a 50-day simple moving average of $107.84 and a 200-day simple moving average of $105.82. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year 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 stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 11.71 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates 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, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its Board of Directors has initiated a share repurchase 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 purchase up to 57.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.11%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. Allison Transmission’s dividend payout ratio is presently 13.00%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ALSN. Citigroup lowered their price objective on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Morgan Stanley lifted their price target 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and an average price target of $100.75.

Allison Transmission 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.