Tri Ri Asset Management Corp Makes New Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Tri Ri Asset Management Corp purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 61,744 shares of the auto parts company’s stock, valued at approximately $5,932,000. Allison Transmission makes up about 3.0% of Tri Ri Asset Management Corp’s holdings, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in Allison Transmission during the 3rd quarter worth about $67,000. World Investment Advisors LLC acquired a new position in shares of Allison Transmission during the 3rd quarter worth about $29,000. Sanctuary Advisors LLC increased its stake in shares of Allison Transmission by 88.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company’s stock worth $19,310,000 after purchasing an additional 94,229 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Allison Transmission by 26.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,380 shares of the auto parts company’s stock worth $325,000 after purchasing an additional 708 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after purchasing an additional 79,506 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer upped their price target on shares of 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 assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.38.

Allison Transmission Stock Performance

Shares of NYSE:ALSN opened at $116.49 on Friday. The company’s 50 day moving average price is $109.92 and its two-hundred day moving average price is $92.42. Allison Transmission Holdings, Inc. has a 12-month low of $55.19 and a 12-month high of $122.53. The firm has a market cap of $10.09 billion, a PE ratio of 14.19, a PEG ratio of 2.03 and a beta of 0.98. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the prior year, the business posted $1.76 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. 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 presently 12.18%.

Insider Transactions at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $912,095. This represents a 17.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 5,326 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. The trade was a 3.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,380 shares of company stock valued at $2,830,837. Company insiders own 1.10% of the company’s stock.

Allison Transmission Company 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.