Ritholtz Wealth Management Reduces Position in Allison Transmission Holdings, Inc. $ALSN

Ritholtz Wealth Management decreased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 23.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,445 shares of the auto parts company’s stock after selling 5,633 shares during the quarter. Ritholtz Wealth Management’s holdings in Allison Transmission were worth $2,159,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Allison Transmission by 2,112.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 338 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Allison Transmission in the 4th quarter valued at approximately $51,000. Advisory Services Network LLC purchased a new position in shares of Allison Transmission during the 3rd quarter valued at approximately $61,000. Finally, Platinum Investment Management Ltd. purchased a new position in shares of Allison Transmission during the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

ALSN stock opened at $120.23 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. The firm has a market cap of $9.97 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.65 and a beta of 0.94. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The stock’s 50 day simple moving average is $120.61 and its 200 day simple moving average is $114.85.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. The firm’s revenue was up 83.6% on a year-over-year basis. As a group, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.86 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, May 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 18.04%.

Insider Activity at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following the completion of the transaction, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at approximately $131,625. The trade was a 68.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ALSN shares. Wells Fargo & Company lifted their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Citigroup increased their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Morgan Stanley boosted their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $127.17.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.