Caption Management LLC Has $605,000 Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Caption Management LLC lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 94.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,597 shares of the auto parts company’s stock after selling 94,403 shares during the period. Caption Management LLC’s holdings in Allison Transmission were worth $605,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. EAM Investors LLC bought a new stake in Allison Transmission during the fourth quarter worth $5,766,000. Smith Group Asset Management LLC bought a new stake in shares of Allison Transmission in the 4th quarter valued at about $2,161,000. Allspring Global Investments Holdings LLC lifted its stake in Allison Transmission by 18.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company’s stock valued at $31,643,000 after purchasing an additional 46,435 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Allison Transmission by 14.5% during the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company’s stock worth $5,729,000 after purchasing an additional 6,728 shares during the period. Finally, Convergence Investment Partners LLC increased its position in 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 worth $1,507,000 after buying an additional 7,479 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the transaction, the senior vice president now owns 15,388 shares in the company, valued at approximately $1,466,938.04. This trade represents a 10.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE:ALSN opened at $97.26 on Wednesday. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The company’s 50 day moving average price is $93.76 and its two-hundred day moving average price is $105.43. The firm has a market cap of $8.29 billion, a PE ratio of 11.70 and a beta of 0.97.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.26. The firm had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.90 EPS. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.27 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a yield of 1.11%. Allison Transmission’s dividend payout ratio is currently 12.50%.

Allison Transmission declared that its Board of Directors has approved a stock buyback plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of recent analyst reports. StockNews.com raised Allison Transmission from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. Robert W. Baird decreased their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Citigroup reduced their target price on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Raymond James lowered their price target on shares of Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Two 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $98.63.

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.