Kingsview Wealth Management LLC Has $11.13 Million Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Kingsview Wealth Management LLC cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,024 shares of the auto parts company’s stock after selling 12,985 shares during the period. Kingsview Wealth Management LLC owned about 0.12% of Allison Transmission worth $11,133,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allison Transmission in the fourth quarter valued at about $31,000. Quarry LP lifted its position in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 114 shares during the period. SJS Investment Consulting Inc. increased its position in shares of Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock worth $45,000 after buying an additional 396 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Allison Transmission during the third quarter worth $67,000. Finally, City State Bank acquired a new position in shares of Allison Transmission in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the 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 completion of the transaction, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. This represents a 23.75 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,303,856.58. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,639 shares of company stock worth $2,683,537. 0.93% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALSN. Citigroup reduced their price target on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Bank of America raised their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Morgan Stanley upped their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Oppenheimer lifted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $101.38.

Allison Transmission Stock Up 0.3 %

ALSN stock opened at $115.83 on Friday. Allison Transmission Holdings, Inc. has a 1-year low of $61.04 and a 1-year high of $122.53. The stock has a market cap of $10.03 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.86 and a beta of 1.00. The stock’s fifty day simple moving average is $113.77 and its two-hundred day simple moving average is $102.77. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

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.