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

Reinhart Partners LLC. lessened its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 17.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 102,533 shares of the auto parts company’s stock after selling 21,855 shares during the quarter. Reinhart Partners LLC.’s holdings in Allison Transmission were worth $11,080,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock worth $1,661,000 after buying an additional 100 shares in the last quarter. Quarry LP boosted 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 valued at $34,000 after purchasing an additional 114 shares during the last quarter. Harvest Fund Management Co. Ltd boosted 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 valued at $355,000 after purchasing an additional 126 shares during the last quarter. Venturi Wealth Management LLC boosted 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 valued at $71,000 after purchasing an additional 162 shares during the last quarter. Finally, Private Advisor Group LLC boosted 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 valued at $382,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America increased their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Morgan Stanley increased their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Robert W. Baird increased their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer increased their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $102.63.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the sale, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,639 shares of company stock valued at $2,683,537. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Trading Up 1.9 %

Shares of NYSE:ALSN traded up $2.04 during trading hours on Monday, hitting $110.97. 240,831 shares of the company’s stock traded hands, compared to its average volume of 384,450. Allison Transmission Holdings, Inc. has a 1 year low of $55.81 and a 1 year high of $122.53. The business has a fifty day moving average price of $113.80 and a 200-day moving average price of $97.87. The firm has a market capitalization of $9.61 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

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

Allison Transmission Dividend Announcement

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

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.