Certuity LLC Buys New Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Certuity LLC purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,000 shares of the auto parts company’s stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALSN. Smith Group Asset Management LLC purchased a new position in shares of Allison Transmission in the fourth quarter worth $2,161,000. Glenmede Trust Co. NA increased its holdings in Allison Transmission by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after acquiring an additional 4,261 shares during the last quarter. Franklin Resources Inc. increased its holdings in Allison Transmission by 46.8% in the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after acquiring an additional 79,745 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Allison Transmission in the 3rd quarter worth $947,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after purchasing an additional 79,506 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insider Activity at Allison Transmission

In other news, CEO David S. Graziosi sold 11,590 shares of Allison Transmission stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,165,413.52. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the sale, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,639 shares of company stock worth $2,683,537. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ALSN shares. 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. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. Bank of America increased their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Citigroup cut their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Oppenheimer upped their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $100.75.

Allison Transmission Stock Performance

NYSE ALSN opened at $100.03 on Thursday. The business’s 50 day moving average price is $113.61 and its 200-day moving average price is $103.66. Allison Transmission Holdings, Inc. has a fifty-two week low of $61.04 and a fifty-two week high of $122.53. The company has a market cap of $8.66 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.82 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 8.22 earnings per share for the current year.

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.