Jacobs Levy Equity Management Inc. Sells 170,844 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jacobs Levy Equity Management Inc. lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 28.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 436,439 shares of the auto parts company’s stock after selling 170,844 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Allison Transmission were worth $47,162,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ALSN. Janus Henderson Group PLC raised its position in Allison Transmission by 153.0% in the 4th quarter. Janus Henderson Group PLC now owns 186,358 shares of the auto parts company’s stock worth $20,145,000 after purchasing an additional 112,710 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Allison Transmission in the 4th quarter worth approximately $901,000. Gotham Asset Management LLC raised its position in Allison Transmission by 1.9% in the 4th quarter. Gotham Asset Management LLC now owns 78,009 shares of the auto parts company’s stock worth $8,430,000 after purchasing an additional 1,465 shares during the last quarter. Graham Capital Management L.P. bought a new position in Allison Transmission in the 4th quarter worth approximately $2,702,000. Finally, Focus Partners Wealth raised its position in Allison Transmission by 1.1% in the 4th quarter. Focus Partners Wealth now owns 25,614 shares of the auto parts company’s stock worth $2,768,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Robert W. Baird dropped their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Citigroup dropped their target price on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Raymond James dropped their target price on shares of Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.63.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $98.78 on Monday. The firm has a fifty day moving average of $93.72 and a two-hundred day moving average of $105.46. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 11.89 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

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

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission’s dividend payout ratio (DPR) is 12.50%.

Allison Transmission declared that its board has initiated a share buyback program on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 57.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, SVP John Coll sold 1,788 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares of the company’s stock, valued at $1,466,938.04. The trade was a 10.41% decrease in their position. The sale 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 business’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 completion of the transaction, the vice president now directly owns 14,138 shares of the company’s stock, valued at $1,360,075.60. This trade represents a 24.33% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.