GSA Capital Partners LLP Sells 6,299 Shares of Allison Transmission Holdings, Inc. $ALSN

GSA Capital Partners LLP trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 39.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,722 shares of the auto parts company’s stock after selling 6,299 shares during the period. GSA Capital Partners LLP’s holdings in Allison Transmission were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. M&T Bank Corp increased its position in shares of Allison Transmission by 3.8% during the second quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock worth $360,000 after acquiring an additional 138 shares in the last quarter. Westover Capital Advisors LLC boosted its stake in Allison Transmission by 3.0% during the 2nd quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock valued at $491,000 after purchasing an additional 150 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in Allison Transmission by 0.6% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 28,415 shares of the auto parts company’s stock valued at $2,412,000 after purchasing an additional 156 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Allison Transmission by 9.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after purchasing an additional 165 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Allison Transmission by 2.8% in the third quarter. Verdence Capital Advisors LLC now owns 6,434 shares of the auto parts company’s stock worth $537,000 after purchasing an additional 176 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, 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 at the SEC website. 1.10% of the stock is owned by insiders.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $119.00 on Friday. The firm’s 50 day moving average is $107.54 and its 200 day moving average is $93.68. The stock has a market capitalization of $9.90 billion, a P/E ratio of 14.58, a PEG ratio of 1.23 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $119.48. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Morgan Stanley increased their price target on Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Raymond James Financial lifted their price target on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company raised their target price on Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.00.

Allison Transmission Company 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.