Sierra Summit Advisors LLC Buys New Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• Sierra Summit Advisors LLC purchased a new stake of 6,080 shares in Allison Transmission Holdings, Inc. during Q1, valued at about $582,000.
• Insider Ryan A. Milburn sold 3,412 shares at an average price of $105.24, indicating a 22.25% decrease in his position.
• Analysts have mixed ratings on Allison Transmission, with price targets ranging from $74 to $123, reflecting a consensus rating of "Hold."

Sierra Summit Advisors LLC bought a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,080 shares of the auto parts company's stock, valued at approximately $582,000.

A number of other large investors also recently modified their holdings of the company. 111 Capital bought a new stake in Allison Transmission in the 4th quarter valued at $599,000. Jefferies Financial Group Inc. bought a new stake in shares of Allison Transmission in the 4th quarter worth about $901,000. Public Employees Retirement System of Ohio grew its holdings in Allison Transmission by 35.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock valued at $6,245,000 after purchasing an additional 14,994 shares during the last quarter. EAM Investors LLC bought a new position in Allison Transmission during the 4th quarter valued at about $5,766,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Allison Transmission by 10.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company's stock valued at $32,875,000 after purchasing an additional 28,490 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Insider Activity

In other news, VP Ryan A. Milburn sold 3,412 shares of the company'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 approximately $1,254,881.76. This represents a 22.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Morgan Stanley boosted their price target on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Bank of America boosted their price target on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a report on Monday, June 16th. Robert W. Baird lowered their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Allison Transmission presently has a consensus rating of "Hold" and an average target price of $98.38.

Allison Transmission Price Performance

Shares of ALSN stock opened at $87.73 on Friday. 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's 50-day moving average is $93.40 and its two-hundred day moving average is $97.68. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The company has a market capitalization of $7.34 billion, a PE ratio of 9.97 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.09. The business had revenue of $814.00 million for 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 business's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS. Analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

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.

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