Mirae Asset Global Investments Co. Ltd. Reduces Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 39.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 559 shares of the auto parts company’s stock after selling 363 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Allison Transmission were worth $61,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its holdings in Allison Transmission by 24.3% during the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after acquiring an additional 2,493,310 shares during the period. Geode Capital Management LLC boosted its holdings in Allison Transmission by 4.2% in 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 period. State Street Corp grew its position in shares of Allison Transmission by 0.8% during the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock valued at $161,597,000 after purchasing an additional 13,252 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after buying an additional 233,214 shares during the period. Finally, Copeland Capital Management LLC increased its stake in Allison Transmission by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock worth $61,120,000 after acquiring an additional 5,489 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This trade 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 this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the sale, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,639 shares of company stock worth $2,448,077. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Oppenheimer boosted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price target 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. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Bank of America increased their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $100.75.

Allison Transmission Price Performance

ALSN opened at $104.88 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 $67.61 and a 1 year high of $122.53. The stock’s 50 day simple moving average is $112.94 and its 200 day simple moving average is $103.62. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.82 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS 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, analysts predict that Allison Transmission Holdings, Inc. will post 8.22 earnings per share for the current year.

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.