Versant Capital Management Inc Has $28,000 Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Versant Capital Management Inc increased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1,200.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 364 shares of the auto parts company’s stock after purchasing an additional 336 shares during the period. Versant Capital Management Inc’s holdings in Allison Transmission were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALSN. Norges Bank purchased a new stake in Allison Transmission in the 4th quarter worth approximately $56,334,000. Vision One Management Partners LP purchased a new stake in Allison Transmission in the 4th quarter worth approximately $17,848,000. Prevatt Capital Ltd purchased a new stake in Allison Transmission in the 4th quarter worth approximately $14,538,000. Allspring Global Investments Holdings LLC lifted its position in Allison Transmission by 108.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock worth $21,046,000 after buying an additional 135,194 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Allison Transmission by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,863,151 shares of the auto parts company’s stock worth $108,345,000 after buying an additional 118,648 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the transaction, the senior vice president now directly owns 14,420 shares in the company, valued at $1,082,365.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ALSN shares. The Goldman Sachs Group increased their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Citigroup assumed coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Raymond James assumed coverage on shares of Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 price target on the stock. Finally, StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.57.

Allison Transmission Stock Performance

NYSE ALSN traded up $0.34 during midday trading on Wednesday, hitting $84.15. The company had a trading volume of 36,558 shares, compared to its average volume of 644,312. The company has a quick ratio of 1.95, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.56 and a beta of 0.99. The firm has a fifty day simple moving average of $77.99 and a two-hundred day simple moving average of $75.17. Allison Transmission Holdings, Inc. has a fifty-two week low of $50.13 and a fifty-two week high of $89.63.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. During the same period in the previous year, the business earned $1.92 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current fiscal year.

Allison Transmission Company 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.