Lecap Asset Management Ltd. Decreases Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Lecap Asset Management Ltd. cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,212 shares of the auto parts company's stock after selling 5,552 shares during the period. Lecap Asset Management Ltd.'s holdings in Allison Transmission were worth $995,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Smith Group Asset Management LLC bought a new stake in Allison Transmission during the fourth quarter worth $2,161,000. Glenmede Trust Co. NA raised its stake in shares of Allison Transmission by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company's stock worth $9,333,000 after purchasing an additional 4,261 shares during the period. Franklin Resources Inc. raised its stake in shares of Allison Transmission by 46.8% during the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company's stock worth $24,955,000 after purchasing an additional 79,745 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Allison Transmission in the 3rd quarter worth about $947,000. Finally, Geode Capital Management LLC grew its position in Allison Transmission by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company's stock valued at $188,511,000 after buying an additional 79,506 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction on Wednesday, November 27th. The shares were 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. This represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission 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 sale, the senior vice president now directly owns 6,420 shares of the company's stock, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,639 shares of company stock valued at $2,683,537. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Price Performance

ALSN traded up $0.01 during trading on Tuesday, reaching $114.15. 559,000 shares of the company were exchanged, compared to its average volume of 474,121. Allison Transmission Holdings, Inc. has a 12-month low of $61.04 and a 12-month high of $122.53. The company's 50-day moving average is $113.66 and its two-hundred day moving average is $103.48. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 13.90, 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 data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Research analysts forecast that Allison Transmission Holdings, Inc. will post 8.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of 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 upped their price objective 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. Bank of America raised their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 30th. StockNews.com raised Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, December 26th. Finally, Oppenheimer lifted their price objective on 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 assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Allison Transmission has a consensus rating of "Hold" and a consensus target price of $101.38.

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.