Steward Partners Investment Advisory LLC lifted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) by 205.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,861 shares of the auto parts company’s stock after buying an additional 2,598 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Allison Transmission were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in Allison Transmission by 68.3% in the fourth quarter. First Horizon Advisors Inc. now owns 1,220 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 495 shares during the period. UMB Bank N A MO bought a new position in Allison Transmission during the fourth quarter valued at $50,000. National Bank of Canada FI bought a new position in Allison Transmission during the fourth quarter valued at $73,000. Covestor Ltd bought a new position in Allison Transmission during the fourth quarter valued at $73,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Allison Transmission by 36.0% in the 4th quarter. Fifth Third Bancorp now owns 2,036 shares of the auto parts company’s stock worth $74,000 after acquiring an additional 539 shares during the last quarter.
Allison Transmission Stock Performance
Shares of ALSN opened at $41.87 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 3.69. The firm has a market cap of $4.06 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91. The company’s 50 day simple moving average is $38.92 and its 200-day simple moving average is $38.80. Allison Transmission Holdings, Inc. has a 12-month low of $32.55 and a 12-month high of $42.00.
Allison Transmission Dividend Announcement
Analyst Ratings Changes
A number of research analysts have commented on ALSN shares. Credit Suisse Group set a $40.00 target price on shares of Allison Transmission in a research report on Tuesday, July 19th. JPMorgan Chase & Co. cut their price target on shares of Allison Transmission from $41.00 to $39.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. Morgan Stanley upped their target price on shares of Allison Transmission from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Tuesday, April 5th. TheStreet raised shares of Allison Transmission from a “c+” rating to a “b-” rating in a report on Thursday, June 9th. Finally, Citigroup reduced their price target on shares of Allison Transmission from $41.00 to $39.00 in a research report on Tuesday, April 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.60.
About Allison Transmission
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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