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

Envestnet Asset Management Inc. trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 30.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,587 shares of the auto parts company’s stock after selling 76,502 shares during the period. Envestnet Asset Management Inc. owned 0.21% of Allison Transmission worth $14,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALSN. M&T Bank Corp increased its holdings in shares of Allison Transmission by 3.8% in the second quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after purchasing an additional 138 shares during the period. Westover Capital Advisors LLC raised its position in Allison Transmission by 3.0% during the 2nd quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock worth $491,000 after buying an additional 150 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Allison Transmission by 9.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock valued at $180,000 after acquiring an additional 165 shares during the period. Verdence Capital Advisors LLC lifted its stake in Allison Transmission by 2.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,434 shares of the auto parts company’s stock valued at $537,000 after acquiring an additional 176 shares during the period. Finally, Keeler Thomas Management LLC boosted its holdings in shares of Allison Transmission by 1.5% in the 3rd quarter. Keeler Thomas Management LLC now owns 13,010 shares of the auto parts company’s stock valued at $1,104,000 after acquiring an additional 187 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Allison Transmission Price Performance

Allison Transmission stock opened at $117.71 on Tuesday. The stock has a market capitalization of $9.80 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.23 and a beta of 0.97. The company’s fifty day moving average price is $105.93 and its 200 day moving average price is $92.92. 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 1 year low of $76.01 and a 1 year high of $118.75.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ALSN shares. Morgan Stanley boosted their target price 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. JPMorgan Chase & Co. upped their target price on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Citigroup raised their target price on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Wells Fargo & Company upped 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. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $102.00.

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.