SRH Advisors LLC Purchases Shares of 240 Allison Transmission Holdings, Inc. (NYSE:ALSN)

SRH Advisors LLC acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 240 shares of the auto parts company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC purchased a new position in Allison Transmission during the third quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $31,000. Quarry LP lifted its position in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after buying an additional 114 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock worth $45,000 after buying an additional 396 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Allison Transmission in the third quarter valued at approximately $67,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,639 shares of company stock worth $2,683,537. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Trading Up 0.0 %

Shares of Allison Transmission stock opened at $114.15 on Wednesday. The stock has a market capitalization of $9.89 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.82 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 52-week low of $61.04 and a 52-week high of $122.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The stock’s 50-day simple moving average is $113.66 and its 200 day simple moving average is $103.48.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.22 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ALSN. The Goldman Sachs Group lifted their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a 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. Bank of America boosted their price target 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. Robert W. Baird raised their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Citigroup dropped their target price on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.