Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 30.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,426 shares of the auto parts company’s stock after selling 8,999 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Allison Transmission were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Allison Transmission during the 4th quarter worth approximately $41,081,000. Sanctuary Advisors LLC grew its stake in Allison Transmission by 88.3% in the third quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company’s stock worth $19,310,000 after purchasing an additional 94,229 shares during the period. Franklin Resources Inc. raised its holdings in Allison Transmission by 46.8% in the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after purchasing an additional 79,745 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 valued at $188,511,000 after buying an additional 79,506 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Allison Transmission by 7.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company’s stock valued at $114,690,000 after buying an additional 69,008 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was 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. 1.10% of the stock is owned by company insiders.

Allison Transmission Stock Down 0.4 %

Shares of Allison Transmission stock opened at $95.69 on Tuesday. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve 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’s 50 day moving average is $104.69 and its 200 day moving average is $106.52. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 11.51 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data 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%. Research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.27 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Allison Transmission declared that its Board of Directors has authorized a stock 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 reacquire up to 57.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are 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.