Orion Portfolio Solutions LLC Sells 2,838 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Orion Portfolio Solutions LLC reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,817 shares of the auto parts company’s stock after selling 2,838 shares during the period. Orion Portfolio Solutions LLC owned about 0.06% of Allison Transmission worth $5,167,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its holdings in shares of Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company’s stock valued at $257,046,000 after buying an additional 1,785,687 shares during the last quarter. Norges Bank bought a new position in shares of Allison Transmission in the fourth quarter worth about $108,916,000. Raymond James Financial Inc. acquired a new position in shares of Allison Transmission during the fourth quarter worth approximately $41,081,000. Sanctuary Advisors LLC grew its stake in shares of Allison Transmission by 88.3% during the third quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company’s stock valued at $19,310,000 after purchasing an additional 94,229 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Allison Transmission by 46.8% in the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after purchasing an additional 79,745 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission 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 sale, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the transaction, the vice president now directly owns 14,138 shares of the company’s stock, valued at $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. 1.10% of the stock is currently owned by insiders.

Allison Transmission Stock Down 3.1 %

Shares of NYSE ALSN opened at $96.01 on Friday. 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. The stock has a market cap of $8.21 billion, a P/E ratio of 11.55 and a beta of 1.02. The firm has a 50 day moving average price of $105.16 and a 200 day moving average price of $106.31.

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, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. Analysts expect 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 program on Thursday, February 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.27 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission’s dividend payout ratio is 13.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ALSN shares. The Goldman Sachs Group upped their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Morgan Stanley lifted their price objective on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Citigroup reduced 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 “buy” rating to a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.00.

About Allison Transmission

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.