Stone Ridge Asset Management LLC Acquires Shares of 14,129 Allison Transmission Holdings Inc (ALSN)

Stone Ridge Asset Management LLC acquired a new stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,129 shares of the auto parts company’s stock, valued at approximately $609,000.

A number of other large investors have also recently added to or reduced their stakes in ALSN. Group One Trading L.P. bought a new stake in Allison Transmission during the 3rd quarter valued at about $105,000. American International Group Inc. bought a new stake in Allison Transmission during the 4th quarter valued at about $127,000. The Manufacturers Life Insurance Company increased its stake in Allison Transmission by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after purchasing an additional 607 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Allison Transmission during the 3rd quarter valued at about $203,000. Finally, CIBC Asset Management Inc bought a new stake in Allison Transmission during the 4th quarter valued at about $220,000.

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Shares of Allison Transmission stock opened at $37.45 on Friday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.15 and a current ratio of 1.52. The stock has a market cap of $5,245.51, a PE ratio of 13.82, a PEG ratio of 1.09 and a beta of 1.21. Allison Transmission Holdings Inc has a 1-year low of $32.93 and a 1-year high of $45.69.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.89. The firm had revenue of $588.00 million for the quarter, compared to the consensus estimate of $576.57 million. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. sell-side analysts forecast that Allison Transmission Holdings Inc will post 3.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, February 16th. Allison Transmission’s payout ratio is 17.60%.

ALSN has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America lowered shares of Allison Transmission from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $52.00 to $48.00 in a research note on Thursday, February 8th. Stifel Nicolaus set a $44.00 price objective on shares of Allison Transmission and gave the company a “hold” rating in a research note on Friday, February 9th. William Blair restated a “buy” rating on shares of Allison Transmission in a research note on Tuesday, February 13th. Finally, Royal Bank of Canada downgraded shares of Allison Transmission from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $46.00 to $50.00 in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.82.

In related news, VP Eric C. Scroggins sold 4,330 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $44.00, for a total value of $190,520.00. Following the transaction, the vice president now owns 20,310 shares of the company’s stock, valued at $893,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael Dick sold 6,565 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $44.00, for a total transaction of $288,860.00. Following the completion of the transaction, the senior vice president now directly owns 39,496 shares in the company, valued at approximately $1,737,824. The disclosure for this sale can be found here. In the last three months, insiders sold 2,882,927 shares of company stock worth $127,284,644. 7.90% of the stock is currently owned by insiders.

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About Allison Transmission

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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