Murphy Pohlad Asset Management LLC purchased a new stake in shares of Allison Transmission Holdings Inc (NYSE:ALSN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 49,810 shares of the auto parts company’s stock, valued at approximately $2,145,000.

Several other institutional investors also recently made changes to their positions in the stock. Old Mutual Global Investors UK Ltd. grew its holdings in Allison Transmission by 394.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,777,252 shares of the auto parts company’s stock worth $66,700,000 after acquiring an additional 1,417,467 shares during the last quarter. LSV Asset Management bought a new stake in Allison Transmission during the 4th quarter worth approximately $38,870,000. Jennison Associates LLC grew its holdings in Allison Transmission by 44.5% during the 4th quarter. Jennison Associates LLC now owns 2,584,627 shares of the auto parts company’s stock worth $111,320,000 after acquiring an additional 796,191 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Allison Transmission by 140.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,030,458 shares of the auto parts company’s stock worth $38,652,000 after acquiring an additional 601,174 shares during the last quarter. Finally, APG Asset Management N.V. bought a new stake in Allison Transmission during the 3rd quarter worth approximately $19,846,000.

Allison Transmission Holdings Inc (NYSE ALSN) opened at $43.70 on Monday. The stock has a market cap of $6,194.95, a P/E ratio of 19.34, a PEG ratio of 1.64 and a beta of 1.15. Allison Transmission Holdings Inc has a 1 year low of $32.93 and a 1 year high of $45.69. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15.

Allison Transmission declared that its board has initiated a share buyback plan on Wednesday, November 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

In related news, VP Eric C. Scroggins sold 7,500 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $39.51, for a total transaction of $296,325.00. Following the transaction, the vice president now owns 23,480 shares in the company, valued at approximately $927,694.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael Dick sold 19,600 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $42.47, for a total transaction of $832,412.00. Following the transaction, the senior vice president now owns 39,131 shares in the company, valued at approximately $1,661,893.57. The disclosure for this sale can be found here. Insiders sold a total of 3,413,129 shares of company stock worth $150,042,595 in the last 90 days. Corporate insiders own 7.90% of the company’s stock.

A number of research firms have weighed in on ALSN. Zacks Investment Research lowered shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Royal Bank of Canada restated a “buy” rating on shares of Allison Transmission in a research report on Thursday, November 2nd. Citigroup boosted their price target on shares of Allison Transmission from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $52.00 price target on shares of Allison Transmission in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Allison Transmission has a consensus rating of “Hold” and a consensus target price of $44.18.

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Allison Transmission Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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