Robeco Institutional Asset Management B.V. Reduces Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Robeco Institutional Asset Management B.V. lowered its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 342,871 shares of the auto parts company’s stock after selling 60,127 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.40% of Allison Transmission worth $37,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ALSN. FMR LLC lifted its position in shares of Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after purchasing an additional 2,493,310 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after buying an additional 79,506 shares during the last quarter. State Street Corp lifted its holdings in Allison Transmission by 0.8% during the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Allison Transmission by 34.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after acquiring an additional 233,214 shares in the last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of Allison Transmission by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock valued at $61,120,000 after acquiring an additional 5,489 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $118.83 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $60.26 and a 12-month high of $122.53. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a market cap of $10.29 billion, a PE ratio of 14.47, a P/E/G ratio of 1.90 and a beta of 1.00. The stock has a 50 day simple moving average of $114.16 and a 200-day simple moving average of $101.54.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 earnings per share. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 8.28 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.84%. Allison Transmission’s payout ratio is 12.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALSN shares. Citigroup decreased their price objective on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. The Goldman Sachs Group lifted their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. Finally, Morgan Stanley raised their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.38.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the transaction, the senior vice president now owns 6,420 shares in the company, valued at approximately $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 accessible through this link. Also, CEO David S. Graziosi sold 5,326 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,639 shares of company stock valued at $2,683,537. Company insiders own 1.10% of the company’s stock.

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.