Empirical Finance LLC Grows Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Empirical Finance LLC raised its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 70.5% during the fourth quarter, HoldingsChannel reports. The firm owned 13,440 shares of the auto parts company’s stock after purchasing an additional 5,559 shares during the period. Empirical Finance LLC’s holdings in Allison Transmission were worth $1,452,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. World Investment Advisors LLC purchased a new position in Allison Transmission during the third quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission in the 4th quarter valued at $31,000. Quarry LP raised its position in shares of 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 acquiring an additional 114 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Allison Transmission by 1,650.0% during 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Allison Transmission during the third quarter valued at about $67,000. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN opened at $115.83 on Monday. 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 stock has a 50-day moving average of $113.71 and a two-hundred day moving average of $103.12. The stock 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. Allison Transmission Holdings, Inc. has a one year low of $61.04 and a one year high of $122.53.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated 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 owns 6,420 shares of the company’s stock, valued at $695,928. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock worth $2,683,537 over the last three months. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on ALSN. Morgan Stanley boosted 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. Robert W. Baird boosted their price objective 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. Bank of America raised their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Citigroup reduced their price target on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group raised their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.