Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 18.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 293,753 shares of the auto parts company’s stock after buying an additional 46,435 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Allison Transmission were worth $31,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALSN. SRH Advisors LLC acquired a new position in Allison Transmission in the fourth quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission in the fourth quarter valued at approximately $31,000. Quarry LP boosted its stake in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares during the period. SJS Investment Consulting Inc. boosted its stake in Allison Transmission by 1,650.0% in the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after acquiring an additional 396 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Allison Transmission in the third quarter valued at approximately $67,000. 96.90% of the stock is owned by institutional investors.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $104.88 on Friday. Allison Transmission Holdings, Inc. has a 12 month low of $67.61 and a 12 month high of $122.53. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.82 and a beta of 1.00. The stock’s 50 day moving average price is $112.94 and its 200 day moving average price is $103.62. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALSN shares. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Robert W. Baird boosted their price objective on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Citigroup reduced their price objective on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $100.75.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the sale, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,639 shares of company stock valued at $2,448,077. Corporate insiders own 1.10% of the company’s stock.

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.