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

Tri Ri Asset Management Corp bought a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 61,744 shares of the auto parts company's stock, valued at approximately $5,932,000. Allison Transmission makes up 3.0% of Tri Ri Asset Management Corp's portfolio, making the stock its 12th largest position. Tri Ri Asset Management Corp owned approximately 0.07% of Allison Transmission as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Allison Transmission by 24.3% during 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 acquiring an additional 2,493,310 shares during the period. Jennison Associates LLC acquired a new position in shares of Allison Transmission during the 3rd quarter valued at $52,156,000. Loomis Sayles & Co. L P raised its stake in shares of Allison Transmission by 252.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company's stock worth $56,974,000 after buying an additional 424,813 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock valued at $87,896,000 after buying an additional 233,214 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Allison Transmission by 257.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company's stock valued at $24,245,000 after buying an additional 230,152 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Insiders Place Their Bets

In related news, VP Thomas Eifert sold 2,000 shares of the company'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 sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $912,095. This represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David S. Graziosi sold 1,723 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,380 shares of company stock valued at $2,830,837 in the last three months. Insiders own 1.10% of the company's stock.

Allison Transmission Stock Up 0.0 %

NYSE ALSN traded up $0.05 during trading on Friday, reaching $116.51. 713,452 shares of the company's stock were exchanged, compared to its average volume of 613,087. The firm has a market capitalization of $10.09 billion, a PE ratio of 14.19, a P/E/G ratio of 2.03 and a beta of 0.98. Allison Transmission Holdings, Inc. has a fifty-two week low of $55.19 and a fifty-two week 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's fifty day simple moving average is $109.92 and its 200-day simple moving average is $92.42.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating 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 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 earned $1.76 EPS. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid 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 0.86%. Allison Transmission's dividend payout ratio (DPR) is currently 12.18%.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several research reports. Robert W. Baird boosted their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a report on Thursday. Citigroup increased their price objective on Allison Transmission from $125.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday. JPMorgan Chase & Co. boosted 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. Finally, StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and a consensus target price of $96.38.

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.