Allison Transmission Holdings, Inc. $ALSN Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,438,981 shares of the auto parts company’s stock after selling 65,079 shares during the period. LSV Asset Management’s holdings in Allison Transmission were worth $207,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Allison Transmission by 18.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after purchasing an additional 304,974 shares in the last quarter. State Street Corp grew its holdings in Allison Transmission by 1.1% in the second quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock valued at $156,951,000 after purchasing an additional 17,783 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Allison Transmission by 35.7% in the second quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after buying an additional 406,540 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Allison Transmission by 128.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock valued at $115,498,000 after buying an additional 683,035 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Allison Transmission by 3.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,081,292 shares of the auto parts company’s stock worth $102,712,000 after buying an additional 33,073 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ALSN shares. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Citigroup upped their price target on shares of Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Morgan Stanley increased their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Wells Fargo & Company lifted their price objective on Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Finally, Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.00.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares in the company, valued at approximately $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $116.30 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. The firm has a market cap of $9.68 billion, a PE ratio of 14.25, a P/E/G ratio of 1.20 and a beta of 0.97. The firm has a 50 day simple moving average of $104.47 and a 200-day simple moving average of $92.28. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $118.50.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.