WCM Investment Management LLC Sells 152 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

WCM Investment Management LLC reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,469 shares of the auto parts company’s stock after selling 152 shares during the quarter. WCM Investment Management LLC’s holdings in Allison Transmission were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALSN. Creative Planning raised its stake in Allison Transmission by 5.1% during the second quarter. Creative Planning now owns 4,781 shares of the auto parts company’s stock valued at $363,000 after purchasing an additional 230 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Allison Transmission in the 3rd quarter worth about $186,000. GAMMA Investing LLC raised its position in shares of Allison Transmission by 152.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the auto parts company’s stock valued at $99,000 after buying an additional 624 shares in the last quarter. CWM LLC lifted its holdings in shares of Allison Transmission by 77.3% in the 3rd quarter. CWM LLC now owns 10,651 shares of the auto parts company’s stock valued at $1,023,000 after acquiring an additional 4,642 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in Allison Transmission by 8.0% in the third quarter. Ritholtz Wealth Management now owns 19,418 shares of the auto parts company’s stock worth $1,866,000 after acquiring an additional 1,433 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Down 1.2 %

NYSE:ALSN opened at $114.35 on Tuesday. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. Allison Transmission Holdings, Inc. has a twelve month low of $61.04 and a twelve month high of $122.53. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The stock has a fifty day simple moving average of $113.71 and a 200-day simple moving average of $103.26.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David S. Graziosi sold 11,590 shares of Allison Transmission stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,165,413.52. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock valued at $2,683,537 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. Citigroup dropped 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. Robert W. Baird boosted their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Bank of America raised their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report 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 stock. According to MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and an average target price of $101.38.

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.