Van ECK Associates Corp Lowers Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Van ECK Associates Corp lowered its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,550 shares of the auto parts company’s stock after selling 13,138 shares during the period. Van ECK Associates Corp owned 0.08% of Allison Transmission worth $7,408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC lifted its stake in shares of Allison Transmission by 24.3% in the third 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 in the last quarter. Jennison Associates LLC acquired a new position in shares of Allison Transmission in the third quarter worth about $52,156,000. Loomis Sayles & Co. L P lifted its stake 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 acquiring an additional 424,813 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 acquiring an additional 233,214 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake 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 acquiring an additional 113,868 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

ALSN has been the subject of several research analyst reports. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group upped their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Morgan Stanley upped their target price on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Bank of America upped their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $100.75.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were 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 of the company’s stock, valued at approximately $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Graziosi sold 5,326 shares of Allison Transmission stock in a transaction on Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,280,219.96. This represents a 3.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,639 shares of company stock valued at $2,448,077. 1.10% of the stock is owned by company insiders.

Allison Transmission Price Performance

Shares of ALSN stock opened at $104.88 on Tuesday. Allison Transmission Holdings, Inc. has a 52-week low of $67.61 and a 52-week high of $122.53. The stock has a market cap of $9.08 billion, a PE ratio of 12.77, a PEG ratio of 1.82 and a beta of 1.00. 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 firm’s 50 day moving average price is $112.51 and its two-hundred day moving average price is $104.08.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 forecast that Allison Transmission Holdings, Inc. will post 8.22 EPS 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.