Bridgewater Associates LP Sells 31,480 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Bridgewater Associates LP lowered its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 26.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,202 shares of the auto parts company's stock after selling 31,480 shares during the period. Bridgewater Associates LP owned about 0.10% of Allison Transmission worth $8,474,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ALSN. Price T Rowe Associates Inc. MD grew its position in shares of Allison Transmission by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,486 shares of the auto parts company's stock worth $3,936,000 after acquiring an additional 2,326 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Allison Transmission by 25.3% in the first quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company's stock valued at $4,627,000 after purchasing an additional 11,495 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Allison Transmission by 11.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,661 shares of the auto parts company's stock valued at $378,000 after buying an additional 472 shares during the last quarter. Cetera Advisors LLC boosted its position in shares of Allison Transmission by 10.1% during the first quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company's stock worth $362,000 after buying an additional 408 shares during the period. Finally, Keynote Financial Services LLC bought a new position in Allison Transmission in the 1st quarter worth approximately $1,055,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David S. Graziosi sold 5,326 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,280,219.96. This represents a 3.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Eifert sold 2,000 shares of the business'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 transaction, the vice president now directly owns 9,601 shares in the company, valued at $912,095. The trade was a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,067 shares of company stock worth $1,239,319 over the last 90 days. 1.10% of the stock is owned by company insiders.

Allison Transmission Price Performance

NYSE:ALSN traded down $0.08 during trading hours on Friday, reaching $118.50. 240,398 shares of the company's stock were exchanged, compared to its average volume of 612,936. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $10.26 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12 month low of $53.12 and a 12 month high of $122.53. The business's 50-day simple moving average is $105.63 and its two-hundred day simple moving average is $89.57.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued 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 return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million for the quarter, compared to analysts' expectations of $790.08 million. During the same period in the previous year, the firm posted $1.76 EPS. The company's quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission's dividend payout ratio (DPR) is currently 12.18%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America boosted their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Robert W. Baird increased their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Citigroup boosted their price target on shares of Allison Transmission from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group upped their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and a consensus price target of $94.25.

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.