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

Reinhart Partners LLC. lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,498 shares of the auto parts company’s stock after selling 6,035 shares during the quarter. Reinhart Partners LLC. owned about 0.11% of Allison Transmission worth $9,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALSN. Barclays PLC boosted its holdings in shares of Allison Transmission by 23.4% in the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock valued at $5,902,000 after buying an additional 11,666 shares in the last quarter. Choreo LLC lifted its position in Allison Transmission by 13.2% during the fourth quarter. Choreo LLC now owns 4,414 shares of the auto parts company’s stock valued at $477,000 after acquiring an additional 516 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Allison Transmission by 51.6% in the fourth quarter. GHP Investment Advisors Inc. now owns 11,993 shares of the auto parts company’s stock valued at $1,296,000 after acquiring an additional 4,081 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in Allison Transmission by 214.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,184 shares of the auto parts company’s stock worth $236,000 after purchasing an additional 1,490 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in Allison Transmission by 70.5% in the fourth quarter. Empirical Finance LLC now owns 13,440 shares of the auto parts company’s stock worth $1,452,000 after purchasing an additional 5,559 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $103.62 on Friday. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The firm has a market cap of $8.73 billion, a P/E ratio of 12.47 and a beta of 0.97. The business’s 50 day moving average price is $96.24 and its 200 day moving average price is $104.54.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. During the same quarter in the prior year, the business earned $1.90 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.27 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.04%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.50%.

Allison Transmission declared that its Board of Directors has authorized a stock buyback program on Thursday, February 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALSN. Citigroup lowered their price objective on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group boosted their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a “sell” rating in a research note on Tuesday, May 27th. Robert W. Baird decreased their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Wall Street Zen upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and an average target price of $98.13.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the transaction, the vice president now owns 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% 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, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the transaction, the senior vice president now owns 15,388 shares in the company, valued at $1,466,938.04. This represents a 10.41% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.