Deutsche Bank AG lowered its position in Allison Transmission Holdings Inc (NYSE:ALSN) by 41.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 255,775 shares of the auto parts company’s stock after selling 181,853 shares during the period. Deutsche Bank AG’s holdings in Allison Transmission were worth $11,229,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of ALSN. First Mercantile Trust Co. boosted its holdings in shares of Allison Transmission by 43.7% during the 4th quarter. First Mercantile Trust Co. now owns 1,250 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 380 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Allison Transmission by 128.3% in the 4th quarter. Advisory Services Network LLC now owns 685 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 385 shares during the last quarter. Virginia Retirement Systems ET AL raised its position in Allison Transmission by 1.8% in the 4th quarter. Virginia Retirement Systems ET AL now owns 22,200 shares of the auto parts company’s stock worth $975,000 after purchasing an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Allison Transmission by 7.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,086 shares of the auto parts company’s stock worth $355,000 after purchasing an additional 577 shares during the period. Finally, First Interstate Bank purchased a new stake in Allison Transmission in the 4th quarter worth about $26,000.
Shares of NYSE:ALSN opened at $47.09 on Wednesday. Allison Transmission Holdings Inc has a 52 week low of $38.14 and a 52 week high of $53.76. The company has a current ratio of 1.70, a quick ratio of 1.30 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.02 and a beta of 1.36.
Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, February 25th. The auto parts company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. The business had revenue of $647.00 million during the quarter, compared to analysts’ expectations of $631.22 million. Allison Transmission had a net margin of 23.55% and a return on equity of 96.42%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.51 EPS. On average, research analysts forecast that Allison Transmission Holdings Inc will post 4.56 earnings per share for the current year.
In other news, Director William R. Harker sold 2,030 shares of the firm’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $50.01, for a total value of $101,520.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.00% of the stock is currently owned by company insiders.
A number of brokerages have recently commented on ALSN. Credit Suisse Group raised their target price on shares of Allison Transmission from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. Stifel Nicolaus downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating and dropped their price objective for the company from $55.00 to $48.00 in a research note on Wednesday, March 6th. Zacks Investment Research downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Mizuho reiterated a “hold” rating and set a $53.00 price objective on shares of Allison Transmission in a research note on Tuesday, February 26th. Finally, ValuEngine raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $48.78.
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Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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