Reinhart Partners LLC. Decreases Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Reinhart Partners LLC. lowered its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,565 shares of the auto parts company’s stock after selling 4,701 shares during the period. Reinhart Partners LLC. owned about 0.10% of Allison Transmission worth $7,093,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC raised its stake in shares of Allison Transmission by 2.1% during the second quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock valued at $594,000 after acquiring an additional 131 shares during the last quarter. M&T Bank Corp increased its holdings in Allison Transmission by 3.8% during the 2nd quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after purchasing an additional 138 shares during the period. Westover Capital Advisors LLC raised its position in Allison Transmission by 3.0% during the 2nd quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock valued at $491,000 after purchasing an additional 150 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Allison Transmission by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after buying an additional 165 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in Allison Transmission by 4.1% in the 2nd quarter. QRG Capital Management Inc. now owns 4,734 shares of the auto parts company’s stock worth $450,000 after buying an additional 187 shares during the period. Institutional investors own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at $989,974.59. This trade represents a 15.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ALSN has been the topic of several research analyst reports. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Raymond James Financial lifted their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Wells Fargo & Company started coverage on shares of Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price objective for the company. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and an average target price of $99.25.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $110.39 on Friday. The company’s fifty day moving average price is $94.70 and its 200-day moving average price is $89.76. The stock has a market cap of $9.19 billion, a PE ratio of 13.53 and a beta of 0.98. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $121.81.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The business had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period last year, the business earned $2.27 earnings per share. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 21st. Allison Transmission’s payout ratio is currently 13.24%.

About Allison Transmission

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.