Amundi Sells 296,664 Shares of Allison Transmission Holdings, Inc. $ALSN

Amundi trimmed its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 98.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,401 shares of the auto parts company's stock after selling 296,664 shares during the period. Amundi's holdings in Allison Transmission were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in 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 purchasing an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Allison Transmission by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company's stock valued at $20,560,000 after buying an additional 11,542 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Allison Transmission by 9.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company's stock worth $180,000 after buying an additional 165 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Allison Transmission by 441.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company's stock worth $97,000 after buying an additional 830 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Allison Transmission in the 2nd quarter valued at $6,111,000. 96.90% of the stock is owned by institutional investors.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $124.91 on Wednesday. The company's 50-day moving average is $117.54 and its 200 day moving average is $118.39. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The company has a market capitalization of $10.31 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.25. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm's quarterly revenue was up 92.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 earnings per share. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.76 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on ALSN. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $140.00 to $145.00 and gave the company a "neutral" rating in a research note on Monday, July 13th. Morgan Stanley upped their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, July 17th. Citigroup lowered their target price on shares of Allison Transmission from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. Wells Fargo & Company raised their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $131.17.

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.

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