Ritholtz Wealth Management Boosts Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Ritholtz Wealth Management increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,418 shares of the auto parts company’s stock after buying an additional 1,433 shares during the quarter. Ritholtz Wealth Management’s holdings in Allison Transmission were worth $1,866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in Allison Transmission during the first quarter valued at approximately $1,229,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Allison Transmission during the first quarter valued at approximately $1,342,000. Susquehanna Fundamental Investments LLC purchased a new position in Allison Transmission during the first quarter valued at approximately $1,120,000. State Board of Administration of Florida Retirement System lifted its holdings in Allison Transmission by 11.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company’s stock valued at $8,055,000 after purchasing an additional 10,196 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Allison Transmission by 238.0% during the second quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company’s stock valued at $1,229,000 after purchasing an additional 11,401 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ALSN shares. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Citigroup lifted their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Finally, Raymond James initiated coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.86.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the transaction, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 over the last quarter. Insiders own 1.10% of the company’s stock.

Allison Transmission Trading Up 2.1 %

Shares of ALSN opened at $100.25 on Monday. The company’s fifty day moving average is $90.27 and its 200 day moving average is $82.27. Allison Transmission Holdings, Inc. has a fifty-two week low of $50.13 and a fifty-two week high of $100.73. The stock has a market capitalization of $8.77 billion, a PE ratio of 13.38, a P/E/G ratio of 1.78 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The company had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter in the previous year, the business posted $1.92 earnings per share. Allison Transmission’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is 13.35%.

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.