Allspring Global Investments Holdings LLC Increases Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 293,753 shares of the auto parts company's stock after acquiring an additional 46,435 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.34% of Allison Transmission worth $31,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Certuity LLC bought a new stake in shares of Allison Transmission during the fourth quarter worth about $324,000. SRH Advisors LLC bought a new stake in Allison Transmission in the 4th quarter worth about $26,000. Summit Trail Advisors LLC grew its position in Allison Transmission by 25.3% in the 4th quarter. Summit Trail Advisors LLC now owns 13,136 shares of the auto parts company's stock worth $1,419,000 after purchasing an additional 2,650 shares in the last quarter. Entropy Technologies LP grew its position in Allison Transmission by 31.0% in the 4th quarter. Entropy Technologies LP now owns 8,907 shares of the auto parts company's stock worth $962,000 after purchasing an additional 2,108 shares in the last quarter. Finally, Empirical Finance LLC grew its position 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 purchasing an additional 5,559 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 12th. StockNews.com downgraded Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. Bank of America upped their price target on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a research report on Wednesday, October 30th. Citigroup dropped their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Finally, Oppenheimer upped 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $100.75.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Graziosi sold 5,326 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the sale, the chief executive officer now directly owns 168,833 shares of the company's stock, valued at approximately $20,280,219.96. This trade represents a 3.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,639 shares of company stock worth $2,448,077 over the last ninety days. Insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

NYSE ALSN traded down $1.32 on Tuesday, reaching $103.24. 340,024 shares of the company's stock traded hands, compared to its average volume of 585,063. Allison Transmission Holdings, Inc. has a 12 month low of $67.61 and a 12 month high of $122.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The stock has a 50-day simple moving average of $112.51 and a 200 day simple moving average of $104.08. The stock has a market cap of $8.94 billion, a PE ratio of 12.58, a P/E/G ratio of 1.82 and a beta of 1.00.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 8.22 earnings per share for the current year.

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.