Convergence Investment Partners LLC Has $1.51 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Convergence Investment Partners LLC lifted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 115.6% during the 4th quarter, Holdings Channel reports. The fund owned 13,950 shares of the auto parts company’s stock after acquiring an additional 7,479 shares during the quarter. Convergence Investment Partners LLC’s holdings in Allison Transmission were worth $1,507,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in Allison Transmission during the 4th quarter worth $30,000. Venturi Wealth Management LLC lifted its stake in shares of Allison Transmission by 62.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,212 shares of the auto parts company’s stock valued at $131,000 after purchasing an additional 468 shares during the period. Truist Financial Corp lifted its stake in shares of Allison Transmission by 20.6% in the 4th quarter. Truist Financial Corp now owns 12,368 shares of the auto parts company’s stock valued at $1,337,000 after purchasing an additional 2,110 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Allison Transmission by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 2,679 shares of the auto parts company’s stock valued at $289,000 after purchasing an additional 137 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Allison Transmission by 7.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $210,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of analyst reports. Citigroup cut their price target on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Robert W. Baird increased their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their price target on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group increased their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, Oppenheimer raised their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $100.75.

Allison Transmission Trading Down 0.9 %

Allison Transmission stock opened at $103.65 on Wednesday. Allison Transmission Holdings, Inc. has a 52 week low of $67.61 and a 52 week high of $122.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The stock has a market capitalization of $8.98 billion, a P/E ratio of 12.62, a PEG ratio of 1.82 and a beta of 1.00. The stock has a 50-day simple moving average of $112.51 and a 200 day simple moving average of $104.08.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. Analysts expect that Allison Transmission Holdings, Inc. will post 8.22 earnings per share for the current year.

Insider Activity at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were 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 approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,639 shares of company stock worth $2,448,077. Company insiders own 1.10% of the company’s stock.

About Allison Transmission

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.