Powell Investment Advisors LLC Has $1.67 Million Stock Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Powell Investment Advisors LLC reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,449 shares of the auto parts company’s stock after selling 147 shares during the quarter. Allison Transmission comprises about 0.8% of Powell Investment Advisors LLC’s portfolio, making the stock its 22nd biggest position. Powell Investment Advisors LLC’s holdings in Allison Transmission were worth $1,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after purchasing an additional 2,493,310 shares during the period. Geode Capital Management LLC increased its stake in Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after purchasing an additional 79,506 shares in the last quarter. State Street Corp raised its holdings in Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after buying an additional 233,214 shares in the last quarter. Finally, Copeland Capital Management LLC grew its holdings in shares of Allison Transmission by 0.9% during the third quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock valued at $61,120,000 after buying an additional 5,489 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Activity

In related news, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the transaction, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock valued at $2,683,537 in the last three months. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. Citigroup decreased their price target on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Oppenheimer increased their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two investment analysts have 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’s stock. According to data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and an average price target of $101.38.

Allison Transmission Trading Up 0.3 %

Shares of Allison Transmission stock opened at $115.83 on Monday. Allison Transmission Holdings, Inc. has a 1 year low of $61.04 and a 1 year high of $122.53. The stock has a fifty day moving average price of $113.71 and a 200-day moving average price of $103.12. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The firm has a market cap of $10.03 billion, a PE ratio of 14.11, a P/E/G ratio of 1.82 and a beta of 1.00.

About Allison Transmission

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.