Burney Co. Sells 14,173 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Burney Co. lessened its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,488 shares of the auto parts company’s stock after selling 14,173 shares during the period. Allison Transmission comprises about 1.3% of Burney Co.’s portfolio, making the stock its 11th largest holding. Burney Co. owned 0.40% of Allison Transmission worth $37,117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors LLC bought a new stake in shares of Allison Transmission during the 3rd quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Allison Transmission during the fourth quarter worth approximately $31,000. Quarry LP grew its position in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Allison Transmission during the third quarter worth approximately $67,000. Finally, Venturi Wealth Management LLC lifted its holdings in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 162 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup lowered their price objective on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Robert W. Baird lifted their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer increased their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Bank of America lifted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.38.

Insider Activity

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of Allison Transmission stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. The trade was a 3.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the sale, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock worth $2,683,537 in the last three months. Company insiders own 1.10% of the company’s stock.

Allison Transmission Price Performance

Allison Transmission stock opened at $117.10 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission Holdings, Inc. has a one year low of $55.81 and a one year high of $122.53. The stock’s 50 day moving average is $114.04 and its 200 day moving average is $98.42. The firm has a market cap of $10.14 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.03 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. Allison Transmission’s dividend payout ratio is currently 12.18%.

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.