QS Investors LLC lowered its stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,027 shares of the auto parts company’s stock after selling 6,510 shares during the quarter. QS Investors LLC owned approximately 0.06% of Allison Transmission worth $3,791,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Allison Transmission by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 850,469 shares of the auto parts company’s stock valued at $31,918,000 after purchasing an additional 18,797 shares during the last quarter. Strategic Global Advisors LLC bought a new position in shares of Allison Transmission in the 3rd quarter valued at about $298,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Allison Transmission by 35.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the auto parts company’s stock valued at $352,000 after purchasing an additional 2,139 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Allison Transmission by 257.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,011 shares of the auto parts company’s stock valued at $647,000 after purchasing an additional 10,811 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Allison Transmission by 5.5% in the 4th quarter. Aperio Group LLC now owns 30,413 shares of the auto parts company’s stock valued at $1,310,000 after purchasing an additional 1,573 shares during the last quarter.
ALSN stock traded down $1.31 during mid-day trading on Friday, hitting $38.24. 1,103,372 shares of the company were exchanged, compared to its average volume of 1,285,769. 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 company has a market capitalization of $5,356.16, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.19. 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 earnings results on Wednesday, February 14th. The auto parts company reported $1.51 EPS for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. analysts forecast that Allison Transmission Holdings Inc will post 3.44 earnings per share for the current year.
In other news, Director James A. Star sold 322,130 shares of Allison Transmission stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $44.49, for a total value of $14,331,563.70. Following the sale, the director now directly owns 41,450 shares in the company, valued at $1,844,110.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David S. Graziosi sold 46,200 shares of Allison Transmission stock in a transaction that occurred on 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 completion of the sale, the insider now owns 240,323 shares in the company, valued at $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 worth $50,831,507 over the last 90 days. Corporate insiders own 7.90% of the company’s stock.
ALSN has been the topic of several recent research reports. JPMorgan Chase lowered shares of Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 target price on the stock. in a research note on Friday, February 16th. Stifel Nicolaus upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and increased their price target for the company from $44.00 to $50.00 in a research report on Friday, February 16th. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 6th. William Blair reiterated a “buy” rating on shares of Allison Transmission in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada downgraded shares of Allison Transmission from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $46.00 to $50.00 in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.82.
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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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