Tri Ri Asset Management Corp Buys Shares of 61,744 Allison Transmission Holdings, Inc. (NYSE:ALSN)

Tri Ri Asset Management Corp bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 61,744 shares of the auto parts company's stock, valued at approximately $5,932,000. Allison Transmission makes up approximately 6.6% of Tri Ri Asset Management Corp's portfolio, making the stock its 4th largest position. Tri Ri Asset Management Corp owned 0.07% of Allison Transmission at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after purchasing an additional 114 shares during the last quarter. Versant Capital Management Inc grew its stake in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company's stock worth $28,000 after buying an additional 336 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in Allison Transmission during the second quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its stake in Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock valued at $71,000 after buying an additional 162 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Allison Transmission in the third quarter valued at approximately $82,000. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Price Performance

Shares of ALSN traded down $0.08 during mid-day trading on Friday, hitting $118.50. The company's stock had a trading volume of 240,400 shares, compared to its average volume of 612,936. The firm has a 50-day simple moving average of $106.18 and a 200 day simple moving average of $89.87. Allison Transmission Holdings, Inc. has a 1-year low of $53.12 and a 1-year high of $122.53. The firm has a market capitalization of $10.26 billion, a P/E ratio of 14.43, a P/E/G ratio of 2.11 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same period in the previous year, the firm earned $1.76 EPS. The business's revenue was up 12.0% on a year-over-year basis. Analysts predict that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on ALSN shares. Citigroup lifted their target price on shares of Allison Transmission from $115.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a report on Friday, October 11th. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Oppenheimer upped their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Bank of America boosted their target price on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $94.25.

Insider Activity

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the sale, the chief executive officer now owns 168,833 shares of the company's stock, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 11,067 shares of company stock worth $1,239,319. Company insiders own 1.10% of the company's stock.

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.