Ingalls & Snyder LLC Sells 3,492 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Ingalls & Snyder LLC lessened its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,703 shares of the auto parts company's stock after selling 3,492 shares during the quarter. Ingalls & Snyder LLC's holdings in Allison Transmission were worth $1,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SRH Advisors LLC bought a new position in Allison Transmission during the fourth quarter valued at approximately $26,000. World Investment Advisors LLC acquired a new position in Allison Transmission during the third quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission during the fourth quarter valued at approximately $31,000. Quarry LP grew its holdings in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in 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 valued at $45,000 after purchasing an additional 396 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

Analyst Ratings Changes

ALSN has been the topic of several analyst reports. StockNews.com downgraded Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Thursday. 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 report on Wednesday, October 30th. Citigroup lowered their price target on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Oppenheimer increased their price target on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Bank of America increased their price target on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $100.75.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of Allison Transmission 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 sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The transaction 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 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 of the company's stock, valued at approximately $695,928. The trade was a 23.75 % decrease in their ownership of the stock. 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 90 days. Corporate insiders own 1.10% of the company's stock.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded up $3.28 during midday trading on Monday, hitting $104.88. The company had a trading volume of 968,145 shares, compared to its average volume of 455,052. The business's 50 day simple moving average is $112.51 and its two-hundred day simple moving average is $104.08. The stock has a market cap of $9.08 billion, a PE ratio of 12.77, a P/E/G ratio of 1.82 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission Holdings, Inc. has a 1-year low of $67.61 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 8.22 EPS for the current fiscal year.

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.