Alps Advisors Inc. Takes Position in Allison Transmission Holdings, Inc. $ALSN

Alps Advisors Inc. acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 166,996 shares of the auto parts company’s stock, valued at approximately $14,175,000.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC grew its holdings in Allison Transmission by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after acquiring an additional 304,974 shares during the period. State Street Corp boosted its position in shares of Allison Transmission by 1.1% during the 2nd 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 in the last quarter. Federated Hermes Inc. boosted its position in shares of Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after purchasing an additional 406,540 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Allison Transmission by 128.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after purchasing an additional 683,035 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Allison Transmission by 3.2% in 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 purchasing an additional 33,073 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares in the company, valued at approximately $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on ALSN. JPMorgan Chase & Co. increased their target price 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. Raymond James Financial upped their price target on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Citigroup raised their price objective on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Wells Fargo & Company lifted their target price on Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Allison Transmission in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Allison Transmission Trading Up 1.7%

NYSE ALSN opened at $115.68 on Monday. The firm’s 50 day moving average price is $102.92 and its two-hundred day moving average price is $91.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82. Allison Transmission Holdings, Inc. has a twelve month low of $76.01 and a twelve month high of $117.07. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.20 and a beta of 0.97.

Allison Transmission Company Profile

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.