Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,742 shares of the auto parts company’s stock after selling 915 shares during the period. Macquarie Group Ltd. owned approximately 0.06% of Allison Transmission worth $1,947,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of Allison Transmission by 14.7% during the third quarter. Royal Bank of Canada now owns 63,486 shares of the auto parts company’s stock valued at $2,143,000 after acquiring an additional 8,143 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Allison Transmission during the third quarter valued at about $204,000. Point72 Asset Management L.P. acquired a new stake in shares of Allison Transmission during the third quarter valued at about $3,588,000. Verition Fund Management LLC acquired a new stake in shares of Allison Transmission during the third quarter valued at about $475,000. Finally, MML Investors Services LLC increased its position in shares of Allison Transmission by 7.5% during the third quarter. MML Investors Services LLC now owns 6,196 shares of the auto parts company’s stock valued at $209,000 after acquiring an additional 434 shares during the last quarter. 99.89% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Trading Down 3.3 %

NYSE ALSN opened at $45.75 on Friday. Allison Transmission Holdings, Inc. has a 12 month low of $32.63 and a 12 month high of $50.64. The company has a 50-day moving average of $45.30 and a 200-day moving average of $41.51. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.80 and a quick ratio of 1.34. The company has a market cap of $4.20 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.14 and a beta of 0.99.

Allison Transmission (NYSE:ALSN – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The auto parts company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.31. The company had revenue of $718.00 million during the quarter, compared to the consensus estimate of $676.21 million. Allison Transmission had a net margin of 19.18% and a return on equity of 69.32%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 EPS. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 6.03 earnings per share for the current year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Monday, March 6th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, March 3rd. This is an increase from Allison Transmission’s previous quarterly dividend of $0.21. Allison Transmission’s dividend payout ratio is 16.64%.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 2,050 shares of the stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $48.36, for a total transaction of $99,138.00. Following the completion of the sale, the vice president now owns 13,827 shares of the company’s stock, valued at approximately $668,673.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Ryan A. Milburn sold 2,050 shares of the stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $48.36, for a total transaction of $99,138.00. Following the completion of the sale, the vice president now owns 13,827 shares of the company’s stock, valued at approximately $668,673.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 16,954 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $48.20, for a total transaction of $817,182.80. Following the completion of the sale, the chief executive officer now directly owns 176,392 shares of the company’s stock, valued at approximately $8,502,094.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,656 shares of company stock valued at $2,308,269. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ALSN has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 24th. Citigroup raised their price objective on shares of Allison Transmission from $44.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Morgan Stanley lifted their price target on shares of Allison Transmission from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 21st. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Friday, February 17th. Finally, Robert W. Baird lifted their target price on shares of Allison Transmission from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, February 16th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.00.

Allison Transmission Profile

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Allison Transmission Holdings, Inc engages in the design and manufacture of vehicle propulsion solutions for commercial and defense vehicles. The company also manufactures medium and heavy duty fully automatic transmissions and electrified propulsion systems. Its products are used in a variety of applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.