Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Position Lowered by Bridgewater Associates LP

Bridgewater Associates LP decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 26.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,202 shares of the auto parts company’s stock after selling 31,480 shares during the quarter. Bridgewater Associates LP owned about 0.10% of Allison Transmission worth $8,474,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ALSN. FMR LLC lifted its holdings in Allison Transmission by 24.3% in the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after acquiring an additional 2,493,310 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Allison Transmission by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock valued at $267,359,000 after purchasing an additional 39,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Allison Transmission by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after buying an additional 41,168 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after buying an additional 233,214 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Allison Transmission by 5.9% in the second quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock valued at $68,793,000 after buying an additional 50,625 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 0.8 %

NYSE:ALSN opened at $118.58 on Friday. The company has a market capitalization of $10.27 billion, a P/E ratio of 14.44, a P/E/G ratio of 2.12 and a beta of 0.98. The stock’s 50 day moving average price is $105.63 and its 200 day moving average price is $89.57. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission Holdings, Inc. has a 52 week low of $53.09 and a 52 week high of $122.53.

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 during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 EPS. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio is 12.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Citigroup increased their price target on Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer raised their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and an average price target of $94.25.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at $912,095. This represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Graziosi sold 5,326 shares of Allison Transmission stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,067 shares of company stock valued at $1,239,319. Corporate insiders own 0.93% of the company’s stock.

About Allison Transmission

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.