Kingsview Wealth Management LLC Sells 12,985 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Kingsview Wealth Management LLC lessened its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 11.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 103,024 shares of the auto parts company’s stock after selling 12,985 shares during the period. Kingsview Wealth Management LLC’s holdings in Allison Transmission were worth $11,133,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its holdings in Allison Transmission by 51.6% in the 4th quarter. GHP Investment Advisors Inc. now owns 11,993 shares of the auto parts company’s stock worth $1,296,000 after acquiring an additional 4,081 shares during the last quarter. Meritage Portfolio Management grew its stake in shares of Allison Transmission by 8.9% in the 4th quarter. Meritage Portfolio Management now owns 26,254 shares of the auto parts company’s stock worth $2,837,000 after buying an additional 2,139 shares during the last quarter. Choreo LLC raised its stake in Allison Transmission by 13.2% during the fourth 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 last quarter. Financial Strategies Group Inc. grew its stake in shares of 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 worth $373,000 after acquiring an additional 287 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Allison Transmission in the 4th quarter worth about $3,004,000. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $115.83 on Friday. 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 Holdings, Inc. has a 1 year low of $61.04 and a 1 year high of $122.53. The firm has a fifty day moving average price of $113.77 and a 200-day moving average price of $102.77. The stock has a market cap of $10.03 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ALSN shares. The Goldman Sachs Group boosted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock 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 research note on Thursday, December 26th. JPMorgan Chase & Co. upped 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. Citigroup dropped their target price on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. 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 report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.38.

Insider Buying and Selling at Allison Transmission

In other news, 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 value of $235,460.00. Following the transaction, the senior vice president now owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $2,683,537 over the last ninety days. 0.93% of the stock is currently owned by company insiders.

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.