Alps Advisors Inc. Buys Shares of 166,996 Allison Transmission Holdings, Inc. $ALSN

Alps Advisors Inc. bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 166,996 shares of the auto parts company’s stock, valued at approximately $14,175,000. Alps Advisors Inc. owned 0.20% of Allison Transmission as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the business. Jane Street Group LLC grew its position in shares of Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after buying an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after acquiring an additional 11,542 shares during the last quarter. Callan Family Office LLC boosted its stake in Allison Transmission by 93.8% in the second quarter. Callan Family Office LLC now owns 5,051 shares of the auto parts company’s stock valued at $480,000 after acquiring an additional 2,445 shares during the period. IFP Advisors Inc grew its holdings in shares of Allison Transmission by 6.0% during the second quarter. IFP Advisors Inc now owns 4,912 shares of the auto parts company’s stock valued at $467,000 after purchasing an additional 277 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Allison Transmission by 17.2% during the second quarter. Blue Trust Inc. now owns 4,366 shares of the auto parts company’s stock valued at $415,000 after purchasing an additional 641 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Up 1.7%

Allison Transmission stock opened at $115.68 on Monday. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $117.07. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.20 and a beta of 0.97. The company’s 50-day moving average price is $102.92 and its two-hundred day moving average price is $91.74. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Allison Transmission in a research report on Wednesday, January 21st. Citigroup raised their target price on Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.00.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares in the company, valued at $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.