Barclays PLC Lowers Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Barclays PLC reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,972 shares of the auto parts company’s stock after selling 7,927 shares during the quarter. Barclays PLC owned about 0.09% of Allison Transmission worth $4,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rhumbline Advisers lifted its holdings in shares of Allison Transmission by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 130,030 shares of the auto parts company’s stock valued at $7,341,000 after purchasing an additional 540 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Allison Transmission by 20.1% during the second quarter. Linden Thomas Advisory Services LLC now owns 13,456 shares of the auto parts company’s stock worth $760,000 after acquiring an additional 2,248 shares during the last quarter. Delta Investment Management LLC acquired a new position in shares of Allison Transmission in the 2nd quarter valued at $287,000. Rehmann Capital Advisory Group raised its position in Allison Transmission by 5.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 9,011 shares of the auto parts company’s stock valued at $509,000 after purchasing an additional 505 shares during the last quarter. Finally, Genus Capital Management Inc. acquired a new stake in Allison Transmission during the 3rd quarter worth $2,274,000. 96.57% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Trading Up 0.0 %

Shares of ALSN stock opened at $61.70 on Friday. The business’s fifty day moving average price is $57.95 and its 200 day moving average price is $57.56. The firm has a market capitalization of $5.52 billion, a PE ratio of 8.75, a P/E/G ratio of 1.26 and a beta of 0.97. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.41 and a quick ratio of 1.86. Allison Transmission Holdings, Inc. has a 1-year low of $41.61 and a 1-year high of $62.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Allison Transmission from an “underweight” rating to a “neutral” rating and upped their target price for the company from $63.00 to $70.00 in a report on Monday, October 16th. Citigroup lifted their target price on Allison Transmission from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley assumed coverage on shares of Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned 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 an average target price of $58.00.

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Allison Transmission Company Profile

(Free Report)

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. The company 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.

See Also

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

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