Meritage Portfolio Management Increases Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Meritage Portfolio Management boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,254 shares of the auto parts company’s stock after purchasing an additional 2,139 shares during the quarter. Meritage Portfolio Management’s holdings in Allison Transmission were worth $2,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Choreo LLC grew its stake in shares of Allison Transmission by 13.2% during the 4th quarter. Choreo LLC now owns 4,414 shares of the auto parts company’s stock valued at $477,000 after buying an additional 516 shares during the period. Financial Strategies Group Inc. boosted its holdings in Allison Transmission by 9.1% in the fourth quarter. Financial Strategies Group Inc. now owns 3,426 shares of the auto parts company’s stock valued at $373,000 after acquiring an additional 287 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in Allison Transmission in the fourth quarter valued at $3,004,000. Sylvest Advisors LLC purchased a new stake in Allison Transmission during the fourth quarter valued at about $800,000. Finally, Caprock Group LLC raised its holdings in shares of Allison Transmission by 17.2% in the 4th quarter. Caprock Group LLC now owns 3,533 shares of the auto parts company’s stock worth $382,000 after purchasing an additional 519 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $114.42 on Thursday. The business has a 50 day moving average price of $113.91 and a two-hundred day moving average price of $102.60. Allison Transmission Holdings, Inc. has a fifty-two week low of $60.86 and a fifty-two week high of $122.53. The firm has a market cap of $9.91 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 5,326 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred 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 approximately $695,928. This represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,639 shares of company stock worth $2,683,537. Insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Robert W. Baird boosted 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. Citigroup decreased their price objective on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Bank of America raised their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Finally, Oppenheimer upped their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and a consensus price target of $101.38.

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.