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

Bridgewater Associates LP lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 26.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 88,202 shares of the auto parts company’s stock after selling 31,480 shares during the period. Bridgewater Associates LP’s holdings in Allison Transmission were worth $8,474,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ALSN. FMR LLC raised its holdings in Allison Transmission by 24.3% in the 3rd 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 in the last quarter. Renaissance Technologies LLC increased its position in shares of Allison Transmission by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock valued at $267,359,000 after purchasing an additional 39,700 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Allison Transmission by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after purchasing an additional 41,168 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 worth $87,896,000 after purchasing an additional 233,214 shares during the period. Finally, Federated Hermes Inc. boosted its stake in Allison Transmission by 5.9% during the second quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock worth $68,793,000 after buying an additional 50,625 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Down 0.8 %

ALSN stock opened at $118.58 on Friday. The business has a fifty day moving average price of $105.63 and a 200 day moving average price of $89.57. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission Holdings, Inc. has a fifty-two week low of $53.09 and a fifty-two week high of $122.53. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 2.12 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last announced 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 return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the prior year, the business earned $1.76 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio is presently 12.18%.

Analysts Set New Price Targets

ALSN has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research note on Friday, November 1st. Bank of America raised their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $94.25.

Insider Transactions at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at $912,095. This represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,067 shares of company stock worth $1,239,319. Corporate insiders own 0.93% 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.