Certuity LLC Invests $324,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Certuity LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the auto parts company's stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALSN. SRH Advisors LLC bought a new position in Allison Transmission in the 4th quarter valued at about $26,000. World Investment Advisors LLC acquired a new stake in shares of Allison Transmission in the 3rd quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allison Transmission in the fourth quarter valued at about $31,000. Quarry LP increased its position in Allison Transmission by 46.7% during 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 in the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings 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 in the last quarter. Institutional investors own 96.90% of the company's stock.

Allison Transmission Trading Up 3.2 %

Shares of NYSE:ALSN traded up $3.28 during midday trading on Friday, reaching $104.88. The company's stock had a trading volume of 968,145 shares, compared to its average volume of 455,052. Allison Transmission Holdings, Inc. has a fifty-two week low of $67.61 and a fifty-two 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 firm has a 50 day moving average price of $112.69 and a two-hundred day moving average price of $103.96. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 12.77, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. As a group, analysts forecast that Allison Transmission Holdings, Inc. will post 8.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ALSN shares. Oppenheimer raised 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. Citigroup cut their price target on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Wednesday. Bank of America increased their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. StockNews.com downgraded Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Thursday. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $100.75.

Insider Buying and Selling

In other news, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $20,303,856.58. This represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were 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 in the company, valued at $695,928. This represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,639 shares of company stock worth $2,448,077. 1.10% of the stock is owned by corporate insiders.

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.