Powell Investment Advisors LLC Sells 147 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Powell Investment Advisors LLC reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,449 shares of the auto parts company’s stock after selling 147 shares during the quarter. Allison Transmission makes up 0.8% of Powell Investment Advisors LLC’s holdings, making the stock its 22nd biggest holding. Powell Investment Advisors LLC’s holdings in Allison Transmission were worth $1,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Smith Group Asset Management LLC bought a new position in shares of Allison Transmission during the fourth quarter valued at about $2,161,000. Glenmede Trust Co. NA lifted its holdings in shares of Allison Transmission by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after purchasing an additional 4,261 shares during the last quarter. Franklin Resources Inc. boosted its stake in Allison Transmission by 46.8% in 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 in the last quarter. CWA Asset Management Group LLC bought a new position in Allison Transmission in the 3rd quarter valued at approximately $947,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after acquiring an additional 79,506 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $115.83 on Monday. Allison Transmission Holdings, Inc. has a 52 week low of $61.04 and a 52 week high of $122.53. 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 firm has a market cap of $10.03 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.82 and a beta of 1.00. The business’s 50 day moving average price is $113.71 and its 200 day moving average price is $103.12.

Insider Activity

In other news, CEO David S. Graziosi sold 11,590 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,165,413.52. The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock valued at $2,683,537 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ALSN has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Morgan Stanley increased their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Oppenheimer raised 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. Finally, Citigroup reduced their price target on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.38.

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.