BNP Paribas Financial Markets Sells 19,101 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

BNP Paribas Financial Markets lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 54.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,857 shares of the auto parts company’s stock after selling 19,101 shares during the period. BNP Paribas Financial Markets’ holdings in Allison Transmission were worth $1,714,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Allison Transmission by 23.4% during the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock valued at $5,902,000 after acquiring an additional 11,666 shares during the period. Park Avenue Securities LLC bought a new stake in shares of Allison Transmission during the 4th quarter valued at $276,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Allison Transmission during the 4th quarter valued at $31,000. Ritholtz Wealth Management grew its position in shares of Allison Transmission by 7.0% during the 4th quarter. Ritholtz Wealth Management now owns 20,784 shares of the auto parts company’s stock valued at $2,246,000 after acquiring an additional 1,366 shares during the period. Finally, Merit Financial Group LLC bought a new stake in shares of Allison Transmission during the 4th quarter valued at $260,000. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 1.1%

Shares of ALSN stock opened at $106.29 on Friday. The stock has a market cap of $8.96 billion, a P/E ratio of 12.79 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 quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $94.52 and its two-hundred day simple moving average is $105.55.

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

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, May 19th. Allison Transmission’s dividend payout ratio is 12.50%.

Allison Transmission announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Raymond James cut their price objective 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. StockNews.com raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Morgan Stanley lifted their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, 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 report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $98.63.

Insider Activity

In other news, VP Ryan A. Milburn sold 4,546 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. This represents a 24.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Coll sold 1,788 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares in the company, valued at $1,466,938.04. This represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.