Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Everett Harris & Co. CA

Key Points

• Everett Harris & Co. CA reduced its stake in Allison Transmission by 5.8% during the 1st quarter, holding approximately 0.08% of the company after selling 4,001 shares.
• Recent analyst reports have seen mixed ratings, with Citigroup lowering its price target from $105.00 to $100.00 while Morgan Stanley increased it from $94.00 to $100.00.
• Allison Transmission's stock opened at $87.52, with a market cap of $7.32 billion, and reported earnings of $2.29 per share for the latest quarter, exceeding analyst expectations.

Everett Harris & Co. CA trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,869 shares of the auto parts company's stock after selling 4,001 shares during the quarter. Everett Harris & Co. CA owned about 0.08% of Allison Transmission worth $6,206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ALSN. National Bank of Canada FI boosted its holdings in shares of Allison Transmission by 6.9% during the 1st quarter. National Bank of Canada FI now owns 27,463 shares of the auto parts company's stock worth $2,627,000 after purchasing an additional 1,767 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Allison Transmission by 276.1% during the 1st quarter. Deutsche Bank AG now owns 44,445 shares of the auto parts company's stock worth $4,252,000 after purchasing an additional 32,628 shares during the last quarter. NewEdge Wealth LLC increased its holdings in shares of Allison Transmission by 6.6% during the 1st quarter. NewEdge Wealth LLC now owns 509,912 shares of the auto parts company's stock worth $48,783,000 after buying an additional 31,393 shares during the last quarter. Argent Trust Co increased its holdings in shares of Allison Transmission by 27.2% during the 1st quarter. Argent Trust Co now owns 6,938 shares of the auto parts company's stock worth $664,000 after buying an additional 1,484 shares during the last quarter. Finally, Banco Santander S.A. acquired a new stake in shares of Allison Transmission during the 1st quarter worth approximately $1,131,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALSN. Bank of America raised their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Morgan Stanley raised their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Raymond James Financial cut their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $98.38.

Allison Transmission Trading Up 0.4%

Shares of ALSN stock traded up $0.32 on Friday, hitting $87.73. The stock had a trading volume of 674,701 shares, compared to its average volume of 1,102,243. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.37. The firm has a market capitalization of $7.34 billion, a P/E ratio of 9.97 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53. The company's 50 day moving average price is $93.40 and its 200-day moving average price is $97.52.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. The business had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. Analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the transaction, the vice president owned 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Profile

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.