Parcion Private Wealth LLC Cuts Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Parcion Private Wealth LLC lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,308 shares of the auto parts company’s stock after selling 2,169 shares during the quarter. Parcion Private Wealth LLC’s holdings in Allison Transmission were worth $6,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC boosted its position in Allison Transmission by 30.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,821 shares of the auto parts company’s stock valued at $413,000 after purchasing an additional 899 shares in the last quarter. Ieq Capital LLC boosted its holdings in Allison Transmission by 108.4% in the fourth quarter. Ieq Capital LLC now owns 8,706 shares of the auto parts company’s stock worth $941,000 after acquiring an additional 4,529 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Allison Transmission by 4.5% in the fourth quarter. Private Advisor Group LLC now owns 4,152 shares of the auto parts company’s stock worth $449,000 after acquiring an additional 180 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Allison Transmission by 56.3% in the fourth quarter. Global Retirement Partners LLC now owns 752 shares of the auto parts company’s stock worth $81,000 after acquiring an additional 271 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its holdings in Allison Transmission by 115.6% in the fourth quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company’s stock worth $1,507,000 after acquiring an additional 7,479 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 0.2 %

Allison Transmission stock opened at $103.92 on Thursday. The stock has a market capitalization of $8.89 billion, a PE ratio of 12.50 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 12 month low of $67.61 and a 12 month high of $122.53. The business has a 50 day simple moving average of $112.09 and a 200-day simple moving average of $104.22. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Insider Transactions at Allison Transmission

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on ALSN shares. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Robert W. Baird lifted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Citigroup decreased their target price on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, Morgan Stanley lifted their price target on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Two research 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $100.75.

Allison Transmission 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.