Marietta Investment Partners LLC Sells 1,400 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Marietta Investment Partners LLC trimmed its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,110 shares of the auto parts company’s stock after selling 1,400 shares during the period. Marietta Investment Partners LLC’s holdings in Allison Transmission were worth $2,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SRH Advisors LLC bought a new stake in shares of Allison Transmission during the fourth quarter worth approximately $26,000. World Investment Advisors LLC acquired a new position in Allison Transmission during the third quarter worth $29,000. Kestra Investment Management LLC acquired a new position in Allison Transmission during the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission during the fourth quarter worth $31,000. Finally, Quarry LP boosted its holdings in 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. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several research analyst reports. Citigroup dropped their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley raised 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. JPMorgan Chase & Co. reduced their target price on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group increased their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and an average price target of $102.00.

Insider Buying and Selling

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction that occurred 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 owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Down 2.6 %

ALSN opened at $96.38 on Friday. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The company has a fifty day moving average price of $106.89 and a 200-day moving average price of $105.79. The firm has a market capitalization of $8.24 billion, a P/E ratio of 11.60 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 for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, March 3rd. Allison Transmission’s dividend payout ratio is presently 13.00%.

Allison Transmission declared that its board has authorized a share repurchase plan 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 stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are 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.