Dana Investment Advisors Inc. purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 119,723 shares of the auto parts company’s stock, valued at approximately $4,491,000. Dana Investment Advisors Inc. owned 0.08% of Allison Transmission Holdings as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Standard Life Investments LTD boosted its position in Allison Transmission Holdings by 15.9% in the 2nd quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock valued at $138,158,000 after buying an additional 504,518 shares during the period. TIAA CREF Investment Management LLC boosted its position in Allison Transmission Holdings by 37.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,630,598 shares of the auto parts company’s stock valued at $61,164,000 after buying an additional 448,541 shares during the period. Renaissance Technologies LLC boosted its position in Allison Transmission Holdings by 57.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,543,200 shares of the auto parts company’s stock valued at $57,885,000 after buying an additional 561,334 shares during the period. Dimensional Fund Advisors LP boosted its position in Allison Transmission Holdings by 11.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,403,681 shares of the auto parts company’s stock valued at $52,650,000 after buying an additional 141,741 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Allison Transmission Holdings by 140.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,030,458 shares of the auto parts company’s stock valued at $38,652,000 after buying an additional 601,174 shares during the period.

Several equities analysts have commented on the stock. Buckingham Research assumed coverage on shares of Allison Transmission Holdings in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $36.00 price target for the company. BidaskClub raised shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Piper Jaffray Companies reissued an “underweight” rating and issued a $25.00 price target (down previously from $31.00) on shares of Allison Transmission Holdings in a research report on Wednesday, August 30th. Finally, Deutsche Bank AG decreased their price target on shares of Allison Transmission Holdings from $44.00 to $43.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.63.

In other news, SVP Randall R. Kirk sold 7,541 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total value of $258,430.07. Following the completion of the transaction, the senior vice president now directly owns 84,494 shares in the company, valued at $2,895,609.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David S. Graziosi sold 10,736 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $39.91, for a total transaction of $428,473.76. Following the completion of the transaction, the chief financial officer now owns 204,859 shares of the company’s stock, valued at $8,175,922.69. The disclosure for this sale can be found here. Insiders sold 57,541 shares of company stock valued at $2,148,703 over the last 90 days. Insiders own 7.90% of the company’s stock.

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Shares of Allison Transmission Holdings, Inc. (ALSN) traded up 0.16% during midday trading on Friday, hitting $36.87. 231,894 shares of the stock were exchanged. Allison Transmission Holdings, Inc. has a 12-month low of $27.03 and a 12-month high of $40.25. The firm has a 50 day moving average of $35.35 and a 200 day moving average of $36.77. The firm has a market cap of $5.49 billion, a P/E ratio of 20.94 and a beta of 1.20.

Allison Transmission Holdings (NYSE:ALSN) last announced its earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.16. The business had revenue of $580.00 million during the quarter, compared to the consensus estimate of $515.03 million. Allison Transmission Holdings had a net margin of 14.32% and a return on equity of 31.27%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. Equities analysts forecast that Allison Transmission Holdings, Inc. will post $2.12 EPS for the current fiscal year.

About Allison Transmission Holdings

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 (NYSE:ALSN)

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