Sei Investments Co. Lowers Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sei Investments Co. trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 258,426 shares of the auto parts company’s stock after selling 25,905 shares during the quarter. Sei Investments Co.’s holdings in Allison Transmission were worth $27,925,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Smith Group Asset Management LLC purchased a new position in Allison Transmission during the fourth quarter worth about $2,161,000. Allspring Global Investments Holdings LLC lifted its position in shares of Allison Transmission by 18.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company’s stock worth $31,643,000 after buying an additional 46,435 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Allison Transmission by 14.5% in the 4th quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company’s stock worth $5,729,000 after buying an additional 6,728 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Allison Transmission by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after acquiring an additional 4,261 shares in the last quarter. Finally, Convergence Investment Partners LLC increased its position in shares of Allison Transmission by 115.6% during the fourth quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company’s stock valued at $1,507,000 after acquiring an additional 7,479 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’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 value of $216,800.00. Following the completion of the transaction, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $100.22 on Wednesday. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The business’s fifty day moving average is $106.34 and its 200 day moving average is $106.21. 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 firm has a market cap of $8.57 billion, a price-to-earnings ratio of 12.06 and a beta of 1.02.

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

Allison Transmission declared that its board has approved a share buyback plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.27 per share. 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 1.08%. The ex-dividend date was Monday, March 3rd. Allison Transmission’s payout ratio is 13.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley raised their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Citigroup dropped their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.00.

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.