Allison Transmission Holdings, Inc. (NYSE:ALSN) Holdings Reduced by Polaris Capital Management LLC

Polaris Capital Management LLC decreased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 548,200 shares of the auto parts company’s stock after selling 48,600 shares during the period. Allison Transmission makes up 2.9% of Polaris Capital Management LLC’s portfolio, making the stock its 7th largest holding. Polaris Capital Management LLC’s holdings in Allison Transmission were worth $59,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning lifted its position in Allison Transmission by 5.1% during the second quarter. Creative Planning now owns 4,781 shares of the auto parts company’s stock valued at $363,000 after purchasing an additional 230 shares during the period. SG Americas Securities LLC bought a new position in Allison Transmission in the 3rd quarter worth $186,000. GAMMA Investing LLC increased its position in Allison Transmission by 152.6% in the third quarter. GAMMA Investing LLC now owns 1,033 shares of the auto parts company’s stock worth $99,000 after buying an additional 624 shares in the last quarter. CWM LLC raised its stake in Allison Transmission by 77.3% during the 3rd quarter. CWM LLC now owns 10,651 shares of the auto parts company’s stock worth $1,023,000 after acquiring an additional 4,642 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in Allison Transmission by 8.0% during the third quarter. Ritholtz Wealth Management now owns 19,418 shares of the auto parts company’s stock valued at $1,866,000 after purchasing an additional 1,433 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the transaction, the senior vice president now owns 8,420 shares in the company, valued at approximately $991,286.60. This represents a 19.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock worth $2,683,537 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 1.2 %

Shares of ALSN opened at $114.35 on Tuesday. The stock has a 50 day moving average price of $113.71 and a 200 day moving average price of $103.26. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.82 and a beta of 1.00. Allison Transmission Holdings, Inc. has a one year low of $61.04 and a one year high of $122.53.

Analysts Set New Price Targets

ALSN has been the subject of a number of research analyst reports. Citigroup cut their price objective on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Oppenheimer boosted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Bank of America lifted their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. Finally, Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $101.38.

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.