Tri Ri Asset Management Corp Takes $5.93 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Tri Ri Asset Management Corp purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 61,744 shares of the auto parts company’s stock, valued at approximately $5,932,000. Allison Transmission comprises approximately 3.0% of Tri Ri Asset Management Corp’s portfolio, making the stock its 12th largest position. Tri Ri Asset Management Corp owned 0.07% of Allison Transmission as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in 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 purchasing an additional 2,493,310 shares during the period. Renaissance Technologies LLC boosted its position in shares of Allison Transmission by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after acquiring an additional 39,700 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 79,506 shares during the period. Dimensional Fund Advisors LP lifted its position in Allison Transmission by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after acquiring an additional 41,168 shares during the period. Finally, State Street Corp lifted its position in Allison Transmission by 0.8% during the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after acquiring an additional 13,252 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ALSN shares. Citigroup increased their target price on Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday. Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Bank of America boosted their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $96.38.

Insider Activity

In other Allison Transmission news, 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 sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at $912,095. This represents a 17.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,380 shares of company stock worth $2,830,837. Insiders own 1.10% of the company’s stock.

Allison Transmission Trading Up 1.8 %

NYSE ALSN opened at $116.49 on Friday. Allison Transmission Holdings, Inc. has a 1-year low of $55.19 and a 1-year high of $122.53. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $10.09 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The firm’s fifty day simple moving average is $109.92 and its 200-day simple moving average is $92.42.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results 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. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same period last year, the business posted $1.76 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.18%.

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.