Van ECK Associates Corp Cuts Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Van ECK Associates Corp lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,550 shares of the auto parts company’s stock after selling 13,138 shares during the period. Van ECK Associates Corp’s holdings in Allison Transmission were worth $7,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SRH Advisors LLC bought a new position in Allison Transmission in the 4th quarter worth $26,000. World Investment Advisors LLC bought a new position in Allison Transmission in the 3rd quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allison Transmission in the 4th quarter worth $31,000. Quarry LP raised its holdings in Allison Transmission by 46.7% in 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. raised its holdings in 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 purchasing an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 11,590 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,165,413.52. This represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 approximately $695,928. This represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,639 shares of company stock worth $2,448,077. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the subject of several research reports. Robert W. Baird increased their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Oppenheimer increased their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $100.75.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $104.88 on Tuesday. The company has a market capitalization 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 quick ratio of 2.25 and a current ratio of 2.83. The company has a 50-day simple moving average of $112.51 and a two-hundred day simple moving average of $104.08. Allison Transmission Holdings, Inc. has a one year low of $67.61 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. Research analysts expect 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.