Summit Trail Advisors LLC Boosts Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Summit Trail Advisors LLC lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 25.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,136 shares of the auto parts company’s stock after buying an additional 2,650 shares during the quarter. Summit Trail Advisors LLC’s holdings in Allison Transmission were worth $1,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Entropy Technologies LP raised its holdings in shares of Allison Transmission by 31.0% in the 4th quarter. Entropy Technologies LP now owns 8,907 shares of the auto parts company’s stock valued at $962,000 after buying an additional 2,108 shares during the period. Empirical Finance LLC increased its holdings in Allison Transmission by 70.5% during the 4th quarter. Empirical Finance LLC now owns 13,440 shares of the auto parts company’s stock worth $1,452,000 after purchasing an additional 5,559 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Allison Transmission by 214.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,184 shares of the auto parts company’s stock worth $236,000 after purchasing an additional 1,490 shares during the period. GHP Investment Advisors Inc. increased its holdings in Allison Transmission by 51.6% during the 4th quarter. GHP Investment Advisors Inc. now owns 11,993 shares of the auto parts company’s stock worth $1,296,000 after purchasing an additional 4,081 shares during the period. Finally, Meritage Portfolio Management increased its holdings in Allison Transmission by 8.9% during the 4th quarter. Meritage Portfolio Management now owns 26,254 shares of the auto parts company’s stock worth $2,837,000 after purchasing an additional 2,139 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upped their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Morgan Stanley upped their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Citigroup lowered their price objective on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Finally, Bank of America upped their price objective on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $101.38.

Insider Activity at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction 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 represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the transaction, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock valued at $2,683,537 in the last three months. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Down 1.2 %

Shares of NYSE ALSN opened at $114.35 on Tuesday. The stock has a market cap of $9.91 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission Holdings, Inc. has a 52-week low of $61.04 and a 52-week high of $122.53. The business has a 50-day moving average price of $113.71 and a 200 day moving average price of $103.26.

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.