Reinhart Partners LLC. Decreases Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Reinhart Partners LLC. lowered its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,533 shares of the auto parts company’s stock after selling 21,855 shares during the period. Reinhart Partners LLC. owned approximately 0.12% of Allison Transmission worth $11,080,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Allison Transmission by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock valued at $1,661,000 after purchasing an additional 100 shares during the period. Quarry LP grew its holdings in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in shares of Allison Transmission by 3.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock worth $355,000 after acquiring an additional 126 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 162 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of Allison Transmission by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,303,856.58. This represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the sale, the senior vice president now owns 8,420 shares of the company’s stock, valued at $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,639 shares of company stock worth $2,683,537. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Up 1.9 %

ALSN stock traded up $2.04 during midday trading on Monday, hitting $110.97. The company’s stock had a trading volume of 240,831 shares, compared to its average volume of 384,450. The company has a market cap of $9.61 billion, a PE ratio of 13.52, a P/E/G ratio of 2.03 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 12 month low of $55.81 and a 12 month high of $122.53. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average is $113.80 and its 200-day moving average is $97.87.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.76 EPS. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.90%. Allison Transmission’s dividend payout ratio is presently 12.18%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALSN. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. Bank of America upped their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Oppenheimer boosted their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Citigroup boosted their price target on Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $102.63.

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.