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

Ritholtz Wealth Management raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,784 shares of the auto parts company’s stock after purchasing an additional 1,366 shares during the quarter. Ritholtz Wealth Management’s holdings in Allison Transmission were worth $2,246,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after buying an additional 2,493,310 shares in the last quarter. Geode Capital Management LLC grew its position in Allison Transmission by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after acquiring an additional 79,506 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 41,168 shares during the period. State Street Corp lifted its position in shares of Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after purchasing an additional 13,252 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $87,896,000 after purchasing an additional 233,214 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ALSN shares. Morgan Stanley upped their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Bank of America upped their price objective on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Robert W. Baird upped their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Oppenheimer lifted their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average target price of $101.38.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the sale, the senior vice president now owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Graziosi sold 1,723 shares of Allison Transmission 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 completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock valued at $2,683,537 in the last ninety days. Insiders own 0.93% of the company’s stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $119.47 on Friday. The firm has a market capitalization of $10.35 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 1.73 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. The business’s fifty day moving average price is $114.02 and its 200 day moving average price is $98.98. Allison Transmission Holdings, Inc. has a 12 month low of $55.81 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $1.76 EPS. On average, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 8.26 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

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.