Reinhart Partners LLC. Sells 8,232 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Reinhart Partners LLC reduced its stake in Allison Transmission Holdings, Inc. by 8.5%, now owning 88,266 shares valued at approximately $8.38 million.
• Several institutional investors, including Dimensional Fund Advisors and AQR Capital Management, have increased their positions in Allison Transmission, reflecting growing institutional interest.
• Allison Transmission recently reported better-than-expected earnings of $2.29 per share, surpassing analysts' estimates and with a revenue of $814 million for the quarter.

Reinhart Partners LLC. reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 8.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 88,266 shares of the auto parts company's stock after selling 8,232 shares during the period. Reinhart Partners LLC. owned 0.10% of Allison Transmission worth $8,384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new stake in shares of Allison Transmission in the 4th quarter valued at $31,000. SVB Wealth LLC acquired a new stake in shares of Allison Transmission in the 1st quarter valued at $33,000. WPG Advisers LLC acquired a new stake in shares of Allison Transmission in the 1st quarter valued at $34,000. SRH Advisors LLC increased its stake in shares of Allison Transmission by 95.0% in the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after buying an additional 228 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Allison Transmission by 363.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after buying an additional 392 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Down 0.8%

ALSN stock traded down $0.71 during midday trading on Friday, hitting $88.32. 2,225,432 shares of the company's stock were exchanged, compared to its average volume of 833,227. The stock's fifty day moving average price is $88.32 and its 200-day moving average price is $93.63. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. The company has a market cap of $7.39 billion, a PE ratio of 10.12 and a beta of 1.02. Allison Transmission Holdings, Inc. has a one year low of $80.39 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission's payout ratio is currently 12.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Bank of America lifted their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. The Goldman Sachs Group raised their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Zacks Research lowered Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Finally, Raymond James Financial reduced their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $98.38.

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.