Shell Asset Management Co. held its stake in shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,642 shares of the auto parts company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Allison Transmission Holdings were worth $1,149,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Allison Transmission Holdings during the first quarter worth $152,000. Glen Harbor Capital Management LLC bought a new stake in shares of Allison Transmission Holdings during the first quarter worth $188,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Allison Transmission Holdings by 32.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,471 shares of the auto parts company’s stock worth $197,000 after buying an additional 1,340 shares in the last quarter. World Asset Management Inc bought a new stake in shares of Allison Transmission Holdings during the first quarter worth $204,000. Finally, Stephens Inc. AR bought a new stake in shares of Allison Transmission Holdings during the first quarter worth $225,000.

Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) opened at 38.04 on Monday. The firm has a market cap of $5.66 billion and a price-to-earnings ratio of 21.60. The firm’s 50-day moving average is $37.63 and its 200-day moving average is $36.86. Allison Transmission Holdings Inc has a 12-month low of $26.74 and a 12-month high of $40.25.

Allison Transmission Holdings (NASDAQ:ALSN) last announced its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.16. Allison Transmission Holdings had a net margin of 16.63% and a return on equity of 36.64%. The firm had revenue of $580 million during the quarter, compared to analysts’ expectations of $515.03 million. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue was up 22.1% on a year-over-year basis. Analysts predict that Allison Transmission Holdings Inc will post $2.09 earnings per share for the current fiscal year.

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ALSN has been the subject of a number of research reports. Royal Bank Of Canada reissued a “buy” rating on shares of Allison Transmission Holdings in a report on Friday, July 7th. BidaskClub raised shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Stifel Nicolaus reissued a “hold” rating and issued a $40.00 price target on shares of Allison Transmission Holdings in a report on Wednesday, July 19th. Zacks Investment Research lowered shares of Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Finally, Deutsche Bank AG raised their price target on shares of Allison Transmission Holdings from $43.00 to $44.00 and gave the company a “hold” rating in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $40.56.

In other Allison Transmission Holdings news, CFO David S. Graziosi sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $38.19, for a total value of $1,909,500.00. Following the completion of the transaction, the chief financial officer now directly owns 244,123 shares in the company, valued at approximately $9,323,057.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael Dick sold 7,342 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $38.02, for a total transaction of $279,142.84. Following the completion of the transaction, the senior vice president now owns 36,931 shares of the company’s stock, valued at $1,404,116.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,584 shares of company stock valued at $5,126,514.

Allison Transmission Holdings Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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Institutional Ownership by Quarter for Allison Transmission Holdings (NASDAQ:ALSN)

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