Entropy Technologies LP Grows Stock Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Entropy Technologies LP increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 31.0% in the 4th quarter, Holdings Channel reports. The firm owned 8,907 shares of the auto parts company’s stock after purchasing an additional 2,108 shares during the period. Entropy Technologies LP’s holdings in Allison Transmission were worth $962,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ALSN. Smith Group Asset Management LLC purchased a new stake in shares of Allison Transmission during the fourth quarter worth $2,161,000. Glenmede Trust Co. NA grew its stake in Allison Transmission by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after acquiring an additional 4,261 shares in the last quarter. Franklin Resources Inc. raised its holdings in Allison Transmission by 46.8% in the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after acquiring an additional 79,745 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Allison Transmission in the 3rd quarter worth approximately $947,000. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 worth $188,511,000 after purchasing an additional 79,506 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Down 1.2 %

Shares of NYSE:ALSN opened at $114.35 on Tuesday. The firm has a market capitalization 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. Allison Transmission Holdings, Inc. has a 1 year low of $61.04 and a 1 year high of $122.53. 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’s 50-day moving average is $113.71 and its two-hundred day moving average is $103.26.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. Bank of America lifted their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Robert W. Baird upped their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer raised their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Citigroup decreased their target price on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $101.38.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the sale, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. This trade represents a 3.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,639 shares of company stock worth $2,683,537. Corporate insiders own 1.10% of the company’s stock.

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.