Caprock Group LLC Takes Position in Allison Transmission Holdings, Inc. $ALSN

Caprock Group LLC bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,937 shares of the auto parts company’s stock, valued at approximately $780,000.

Other large investors have also recently modified their holdings of the company. 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 worth $360,000 after buying an additional 138 shares during the period. Westover Capital Advisors LLC grew its holdings in shares of Allison Transmission by 3.0% in the second quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock worth $491,000 after purchasing an additional 150 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of Allison Transmission by 0.6% in the third quarter. Johnson Investment Counsel Inc. now owns 28,415 shares of the auto parts company’s stock worth $2,412,000 after buying an additional 156 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings 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 buying an additional 165 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position 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 buying an additional 176 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ALSN shares. JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Raymond James Financial upped their target price on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 11th. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Wells Fargo & Company upped their price objective on shares of Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.00.

Allison Transmission Stock Up 1.7%

Shares of NYSE ALSN opened at $117.71 on Tuesday. The stock has a 50 day moving average price of $105.93 and a 200 day moving average price of $92.92. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.23 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $118.75. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Insider Buying and Selling

In other news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

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.