Sumitomo Mitsui Trust Group Inc. Sells 410 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,028 shares of the auto parts company’s stock after selling 410 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Allison Transmission were worth $1,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ALSN. FMR LLC grew its position in Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after acquiring an additional 2,493,310 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Allison Transmission in the third quarter worth approximately $52,156,000. Loomis Sayles & Co. L P grew its holdings in shares of Allison Transmission by 252.5% in the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock worth $56,974,000 after purchasing an additional 424,813 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after purchasing an additional 233,214 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Allison Transmission by 86.7% in the third quarter. Victory Capital Management Inc. now owns 245,148 shares of the auto parts company’s stock worth $23,551,000 after purchasing an additional 113,868 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALSN. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Robert W. Baird raised their target price 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 cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday. Oppenheimer raised their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Citigroup dropped their price target on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average target price of $100.75.

Insider Buying and Selling at Allison Transmission

In related news, CEO David S. Graziosi sold 1,723 shares of the company’s 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 transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,639 shares of company stock valued at $2,448,077. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $104.88 on Friday. The stock has a fifty day moving average of $112.94 and a 200 day moving average of $103.62. Allison Transmission Holdings, Inc. has a 52 week low of $67.61 and a 52 week high of $122.53. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.82 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.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. As a group, research analysts expect 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.