Ritholtz Wealth Management Has $2.35 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Ritholtz Wealth Management increased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,602 shares of the auto parts company's stock after acquiring an additional 3,818 shares during the quarter. Ritholtz Wealth Management's holdings in Allison Transmission were worth $2,354,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. 111 Capital acquired a new position in Allison Transmission during the 4th quarter valued at about $599,000. Jefferies Financial Group Inc. bought a new stake in shares of Allison Transmission during the fourth quarter valued at approximately $901,000. Public Employees Retirement System of Ohio boosted its position in shares of Allison Transmission by 35.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock worth $6,245,000 after buying an additional 14,994 shares during the period. EAM Investors LLC acquired a new position in Allison Transmission during the 4th quarter worth $5,766,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Allison Transmission by 14.5% in the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock worth $5,729,000 after purchasing an additional 6,728 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Allison Transmission Trading Down 2.1%

Shares of Allison Transmission stock traded down $1.97 during trading on Tuesday, hitting $93.44. The stock had a trading volume of 898,786 shares, compared to its average volume of 658,912. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $7.87 billion, a PE ratio of 11.04 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 1 year low of $73.65 and a 1 year high of $122.53. The stock has a 50 day simple moving average of $97.83 and a 200 day simple moving average of $103.49.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The company had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same quarter in the prior year, the company earned $1.90 earnings per share. The company's revenue for the quarter was down 2.9% on a year-over-year basis. On average, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.16%. Allison Transmission's dividend payout ratio is 12.50%.

Allison Transmission announced that its Board of Directors has initiated a share buyback program on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup lowered their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group boosted their target price on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Morgan Stanley boosted their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Robert W. Baird decreased their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $98.38.

Insider Buying and Selling

In other news, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the sale, the vice president now directly owns 11,924 shares of the company's stock, valued at $1,254,881.76. This trade represents a 22.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares in the company, valued at $1,466,938.04. This represents a 10.41% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

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.