Cetera Investment Advisers Buys 5,472 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cetera Investment Advisers increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 32.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,294 shares of the auto parts company’s stock after buying an additional 5,472 shares during the period. Cetera Investment Advisers’ holdings in Allison Transmission were worth $2,133,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. 111 Capital bought a new position in Allison Transmission in the fourth quarter worth about $599,000. Jefferies Financial Group Inc. bought a new position in Allison Transmission in the fourth quarter worth about $901,000. Public Employees Retirement System of Ohio raised its stake in Allison Transmission by 35.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company’s stock worth $6,245,000 after buying an additional 14,994 shares in the last quarter. EAM Investors LLC bought a new position in shares of Allison Transmission during the fourth quarter valued at approximately $5,766,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Allison Transmission by 10.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company’s stock valued at $32,875,000 after purchasing an additional 28,490 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Bank of America raised their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a research note on Monday, June 16th. Robert W. Baird decreased their target price on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Morgan Stanley raised their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $98.38.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the transaction, the vice president owned 11,924 shares in the company, valued at $1,254,881.76. This trade represents a 22.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Allison Transmission Trading Down 0.8%

Shares of ALSN stock opened at $87.52 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $80.39 and a 12-month high of $122.53. The company has a current ratio of 3.36, a quick ratio of 2.37 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is $93.72 and its 200 day moving average is $98.06. The stock has a market capitalization of $7.32 billion, a P/E ratio of 9.95 and a beta of 0.97.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.09. The business had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $2.13 EPS. Research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share 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.