Leuthold Group LLC Sells 1,461 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Leuthold Group LLC decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,645 shares of the auto parts company’s stock after selling 1,461 shares during the period. Leuthold Group LLC’s holdings in Allison Transmission were worth $4,284,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ALSN. SRH Advisors LLC bought a new position in Allison Transmission during the 4th quarter valued at approximately $26,000. World Investment Advisors LLC purchased a new position in shares of Allison Transmission during the third quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission during the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Allison Transmission in the fourth quarter worth $31,000. Finally, Quarry LP boosted its holdings in 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 acquiring an additional 114 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was 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 directly owns 6,420 shares in the company, valued at $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,639 shares of company stock valued at $2,448,077 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ALSN has been the subject of several research reports. Citigroup decreased their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Oppenheimer increased their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Bank of America increased their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Two investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.75.

Allison Transmission Stock Performance

ALSN stock opened at $100.76 on Friday. The stock’s 50 day simple moving average is $111.81 and its 200 day simple moving average is $104.21. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 12-month low of $71.35 and a 12-month high of $122.53. The stock has a market capitalization of $8.62 billion, a PE ratio of 12.13 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its board has initiated a stock buyback program on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 3rd. 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 yield of 1.07%. Allison Transmission’s payout ratio is currently 12.03%.

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.