Deutsche Bank AG Decreases Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Deutsche Bank AG lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 24.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,817 shares of the auto parts company’s stock after selling 3,786 shares during the period. Deutsche Bank AG’s holdings in Allison Transmission were worth $1,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its stake in Allison Transmission by 23.4% during the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock worth $5,902,000 after buying an additional 11,666 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Allison Transmission in the fourth quarter worth about $276,000. Merit Financial Group LLC acquired a new stake in Allison Transmission in the fourth quarter worth about $260,000. Atomi Financial Group Inc. purchased a new stake in shares of Allison Transmission during the fourth quarter worth about $224,000. Finally, SG Americas Securities LLC grew its stake in shares of Allison Transmission by 776.2% during the fourth quarter. SG Americas Securities LLC now owns 16,999 shares of the auto parts company’s stock worth $1,837,000 after acquiring an additional 15,059 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Down 1.1%

NYSE:ALSN opened at $102.38 on Monday. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The company’s fifty day moving average price is $95.34 and its 200-day moving average price is $105.29. Allison Transmission Holdings, Inc. has a 1-year low of $71.49 and a 1-year high of $122.53. The firm has a market capitalization of $8.63 billion, a P/E ratio of 12.32 and a beta of 0.97.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.90 earnings per share. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Monday, May 19th. Allison Transmission’s payout ratio is presently 12.50%.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Wall Street Zen raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Robert W. Baird lowered their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Raymond James lowered their price target on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $98.63.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares in the company, valued at $1,466,938.04. The trade was a 10.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the vice president now directly owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was a 24.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,746 shares of company stock valued at $966,854. 1.10% of the stock is owned by company insiders.

Allison Transmission Company 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.