Summit Trail Advisors LLC Grows Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Summit Trail Advisors LLC raised its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 25.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,136 shares of the auto parts company's stock after purchasing an additional 2,650 shares during the period. Summit Trail Advisors LLC's holdings in Allison Transmission were worth $1,419,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ALSN. World Investment Advisors LLC purchased a new position in shares of Allison Transmission in the third quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission in the fourth quarter valued at about $31,000. Quarry LP lifted its position in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Allison Transmission by 1,650.0% in the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company's stock valued at $45,000 after acquiring an additional 396 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Allison Transmission in the third quarter valued at about $67,000. Institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Up 3.2 %

Shares of ALSN traded up $3.28 during midday trading on Friday, hitting $104.88. 968,145 shares of the company's stock traded hands, compared to its average volume of 594,151. Allison Transmission Holdings, Inc. has a 1 year low of $67.61 and a 1 year high of $122.53. The firm's fifty day moving average is $112.94 and its 200-day moving average is $103.62. 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 stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 8.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO David S. Graziosi sold 1,723 shares of the firm's stock in a transaction dated 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 directly owns 168,833 shares of the company's stock, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the firm's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,639 shares of company stock valued at $2,448,077. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on ALSN. Morgan Stanley boosted their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. The Goldman Sachs Group boosted their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Citigroup reduced their price objective on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday. StockNews.com cut Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Finally, Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Allison Transmission 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.