Prudential Financial Inc. Has $84.89 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Prudential Financial Inc. decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 785,590 shares of the auto parts company’s stock after selling 97,754 shares during the period. Prudential Financial Inc.’s holdings in Allison Transmission were worth $84,891,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ALSN. SRH Advisors LLC acquired a new stake in Allison Transmission in the 4th quarter valued at approximately $26,000. World Investment Advisors LLC acquired a new stake in shares of Allison Transmission in the third quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new stake in shares of Allison Transmission in the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission during the fourth quarter worth $31,000. Finally, Quarry LP grew its position in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on 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 of the company’s stock, valued at $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 on 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 $1,360,075.60. This trade represents a 24.33 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Allison Transmission Trading Up 3.8 %

ALSN opened at $100.33 on Tuesday. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 12.07 and a beta of 1.02. The company has a 50-day simple moving average of $106.65 and a 200 day simple moving average of $106.11.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. Analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its Board of Directors has approved 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 reacquire up to 57.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Allison Transmission Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ALSN shares. Citigroup cut their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Morgan Stanley upped their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group lifted their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. 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 data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $102.00.

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.