WCM Investment Management LLC Lowers Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

WCM Investment Management LLC decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,469 shares of the auto parts company’s stock after selling 152 shares during the period. WCM Investment Management LLC’s holdings in Allison Transmission were worth $267,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP lifted its stake in shares of Allison Transmission by 31.0% in the fourth quarter. Entropy Technologies LP now owns 8,907 shares of the auto parts company’s stock worth $962,000 after buying an additional 2,108 shares in the last quarter. Empirical Finance LLC raised its holdings in Allison Transmission by 70.5% in the 4th quarter. Empirical Finance LLC now owns 13,440 shares of the auto parts company’s stock worth $1,452,000 after acquiring an additional 5,559 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in Allison Transmission by 214.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,184 shares of the auto parts company’s stock valued at $236,000 after acquiring an additional 1,490 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Allison Transmission by 51.6% during the 4th quarter. GHP Investment Advisors Inc. now owns 11,993 shares of the auto parts company’s stock valued at $1,296,000 after purchasing an additional 4,081 shares during the last quarter. Finally, Meritage Portfolio Management increased its holdings in shares of Allison Transmission by 8.9% in the 4th quarter. Meritage Portfolio Management now owns 26,254 shares of the auto parts company’s stock worth $2,837,000 after purchasing an additional 2,139 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,303,856.58. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock valued at $2,683,537 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALSN. The Goldman Sachs Group upped their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Morgan Stanley upped their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. Citigroup lowered their price objective on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Oppenheimer raised their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and a consensus target price of $101.38.

Allison Transmission Stock Performance

ALSN opened at $114.35 on Tuesday. The company’s 50 day moving average is $113.71 and its 200 day moving average is $103.26. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.82 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 12-month low of $61.04 and a 12-month high of $122.53.

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.