Flinton Capital Management LLC grew its holdings in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 18.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,832 shares of the auto parts company’s stock after buying an additional 12,964 shares during the period. Flinton Capital Management LLC owned 0.06% of Allison Transmission worth $3,610,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. raised its position in shares of Allison Transmission by 94.7% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 334,975 shares of the auto parts company’s stock worth $14,427,000 after purchasing an additional 162,885 shares during the last quarter. Elkfork Partners LLC purchased a new position in shares of Allison Transmission in the 4th quarter worth about $2,837,000. TIAA CREF Investment Management LLC raised its position in shares of Allison Transmission by 8.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 1,671,194 shares of the auto parts company’s stock worth $71,978,000 after purchasing an additional 132,129 shares during the last quarter. Paloma Partners Management Co raised its position in shares of Allison Transmission by 95.3% in the 4th quarter. Paloma Partners Management Co now owns 45,090 shares of the auto parts company’s stock worth $1,942,000 after purchasing an additional 22,007 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Allison Transmission by 1,655.5% in the 4th quarter. Two Sigma Investments LP now owns 1,175,386 shares of the auto parts company’s stock worth $50,624,000 after purchasing an additional 1,108,432 shares during the last quarter.
In other news, SVP Michael Dick sold 6,565 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $45.00, for a total transaction of $295,425.00. Following the completion of the sale, the senior vice president now owns 39,496 shares of the company’s stock, valued at approximately $1,777,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David S. Graziosi sold 46,200 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $45.03, for a total transaction of $2,080,386.00. Following the sale, the insider now directly owns 240,323 shares of the company’s stock, valued at approximately $10,821,744.69. The disclosure for this sale can be found here. Insiders have sold a total of 1,139,303 shares of company stock valued at $50,831,507 in the last ninety days. Insiders own 7.90% of the company’s stock.
Several equities analysts have recently issued reports on ALSN shares. ValuEngine lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. JPMorgan Chase lowered Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 price target for the company. in a research report on Friday, February 16th. Royal Bank of Canada lowered Allison Transmission from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $46.00 to $50.00 in a research report on Friday, February 16th. Zacks Investment Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating and set a $45.00 target price for the company in a research report on Wednesday, February 21st. Finally, Bank of America lowered Allison Transmission from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $52.00 to $48.00 in a research report on Thursday, February 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $43.82.
Shares of NYSE:ALSN opened at $38.24 on Friday. Allison Transmission Holdings Inc has a fifty-two week low of $32.93 and a fifty-two week high of $45.69. The stock has a market capitalization of $5,539.63, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.15 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.52 and a debt-to-equity ratio of 3.68.
Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $576.57 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. sell-side analysts forecast that Allison Transmission Holdings Inc will post 3.44 earnings per share for the current year.
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Allison Transmission Company Profile
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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