Allison Transmission Holdings, Inc. $ALSN Shares Sold by Reinhart Partners LLC.

by · The Markets Daily

Reinhart Partners LLC. decreased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,469 shares of the auto parts company’s stock after selling 5,619 shares during the period. Reinhart Partners LLC.’s holdings in Allison Transmission were worth $3,338,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Monument Capital Management lifted its position in Allison Transmission by 6.3% during the 3rd quarter. Monument Capital Management now owns 25,407 shares of the auto parts company’s stock worth $2,878,000 after acquiring an additional 1,515 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Allison Transmission by 4.9% during the third quarter. GAMMA Investing LLC now owns 4,058 shares of the auto parts company’s stock valued at $460,000 after purchasing an additional 188 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Allison Transmission by 21.9% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the auto parts company’s stock worth $245,000 after purchasing an additional 388 shares in the last quarter. Dudley & Shanley Inc. lifted its position in shares of Allison Transmission by 6.2% during the third quarter. Dudley & Shanley Inc. now owns 175,274 shares of the auto parts company’s stock worth $19,852,000 after purchasing an additional 10,237 shares in the last quarter. Finally, Miller Global Investments LLC purchased a new position in shares of Allison Transmission in the third quarter valued at $79,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In related news, insider Eric Scroggins sold 1,050 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the sale, the insider owned 16,604 shares of the company’s stock, valued at $2,075,500. This represents a 5.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Graziosi sold 26,708 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the transaction, the chief executive officer directly owned 304,843 shares in the company, valued at $40,534,973.71. This represents a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Trading Up 0.7%

NYSE:ALSN opened at $109.83 on Friday. The company has a market cap of $9.07 billion, a PE ratio of 17.46, a P/E/G ratio of 0.57 and a beta of 0.98. The business’s 50 day moving average is $121.90 and its two-hundred day moving average is $120.23. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62.

Allison Transmission (NYSE:ALSN – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company posted $2.29 EPS. The business’s revenue was up 92.4% compared to the same quarter last year. On average, analysts predict that Allison Transmission Holdings, Inc. will post 10.27 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. Allison Transmission’s payout ratio is 18.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ALSN shares. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company lowered their target price on Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating for the company in a research note on Thursday. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Freedom Broker assumed coverage on Allison Transmission in a research note on Friday, October 2nd. They issued a “buy” rating and a $144.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Allison Transmission from $145.00 to $142.00 and set a “neutral” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Moderate Buy” and an average target price of $130.14.

Get Our Latest Analysis on Allison Transmission

Allison Transmission Company Profile

(Free Report)

Allison Transmission Holdings, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and defense vehicles. Its products are used in a broad range of applications, including refuse and construction trucks, buses, distribution vehicles, emergency vehicles, motorhomes, and off-highway equipment.

The company’s portfolio includes conventional automatic transmissions, hybrid-electric propulsion systems, and electric axles and other solutions intended to support vehicle electrification.

Further Reading

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