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

Reinhart Partners LLC. lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 124,388 shares of the auto parts company’s stock after selling 11,957 shares during the quarter. Reinhart Partners LLC.’s holdings in Allison Transmission were worth $11,950,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission during the 2nd quarter worth approximately $33,000. Fifth Third Bancorp lifted its stake in shares of Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 506 shares during the last quarter. Quent Capital LLC grew its position in Allison Transmission by 24.0% in the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 172 shares during the last quarter. Finally, Covestor Ltd increased its stake in Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after purchasing an additional 728 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Up 2.1 %

NYSE:ALSN opened at $100.25 on Friday. The company’s 50-day simple moving average is $89.94 and its 200-day simple moving average is $82.11. 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 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 $8.74 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.78 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.09. The company had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. Allison Transmission’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.92 earnings per share. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio is currently 12.99%.

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 that occurred 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 sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their position. The sale 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 dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.