Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 360,447 shares of the auto parts company’s stock after selling 19,240 shares during the period. Allison Transmission comprises 1.4% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 14th biggest position. Clifford Swan Investment Counsel LLC’s holdings in Allison Transmission were worth $38,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SRH Advisors LLC acquired a new position in shares of Allison Transmission in the 4th quarter valued at about $26,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission in the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allison Transmission in the 4th quarter valued at about $31,000. Quarry LP raised its holdings in Allison Transmission by 46.7% in the 3rd 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 period. Finally, SJS Investment Consulting Inc. raised its holdings in Allison Transmission by 1,650.0% in the 4th 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 and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ALSN shares. The Goldman Sachs Group upped their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Citigroup reduced their price target on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Morgan Stanley upped their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $100.75.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $101.79 on Friday. The business has a 50 day simple moving average of $110.50 and a two-hundred day simple moving average of $105.04. 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 capitalization of $8.70 billion, a P/E ratio of 12.25 and a beta of 1.00. 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 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 return on equity of 47.95% and a net margin of 22.67%. As a group, analysts predict 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 will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.27 dividend. The ex-dividend date is Monday, March 3rd. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. Allison Transmission’s dividend payout ratio is 13.00%.

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

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.