Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC cut its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 11.2% during the 4th quarter, according to its most recent disclosure 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 approximately 0.12% of Allison Transmission worth $11,133,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC acquired a new position in Allison Transmission in the 3rd quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allison Transmission in the 4th quarter worth $31,000. Quarry LP increased its holdings 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. SJS Investment Consulting Inc. grew its stake in shares of Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock worth $45,000 after acquiring an additional 396 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Allison Transmission during the third quarter valued at approximately $67,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Down 12.4 %

Shares of NYSE:ALSN traded down $14.16 during trading on Wednesday, reaching $100.03. The stock had a trading volume of 2,892,381 shares, compared to its average volume of 560,360. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $8.66 billion, a P/E ratio of 12.18, a PEG ratio of 1.82 and a beta of 1.00. Allison Transmission Holdings, Inc. has a one year low of $61.04 and a one year high of $122.53. The firm's 50-day simple moving average is $113.61 and its 200 day simple moving average is $103.66.

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

Insider Activity at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the business'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 completion of the sale, the senior vice president now 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 quarter, insiders sold 22,639 shares of company stock valued at $2,683,537. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ALSN has been the topic of several recent research reports. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, December 26th. Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Citigroup cut their target price on shares of Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lifted their target price 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of "Hold" and a consensus price target of $100.75.

Allison Transmission 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.