Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Meritage Portfolio Management

Meritage Portfolio Management grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,254 shares of the auto parts company’s stock after purchasing an additional 2,139 shares during the quarter. Meritage Portfolio Management’s holdings in Allison Transmission were worth $2,837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ALSN. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission during the 4th quarter valued at about $31,000. Quarry LP boosted its position in shares of Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after buying an additional 114 shares during the period. SJS Investment Consulting Inc. grew its holdings in Allison Transmission by 1,650.0% in the 4th quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock worth $45,000 after buying an additional 396 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Allison Transmission in the 3rd quarter worth approximately $67,000. Finally, City State Bank acquired a new stake in Allison Transmission in the 4th quarter valued at approximately $76,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALSN has been the subject of a number of analyst reports. Oppenheimer boosted their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird increased their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Citigroup dropped their price target on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley increased their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group boosted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $101.38.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission 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 sale, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Graziosi sold 11,590 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,165,413.52. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,639 shares of company stock worth $2,683,537. 0.93% of the stock is owned by corporate insiders.

Allison Transmission Stock Down 0.1 %

Shares of ALSN stock opened at $114.42 on Thursday. Allison Transmission Holdings, Inc. has a one year low of $60.86 and a one 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 stock has a fifty day moving average price of $113.91 and a 200 day moving average price of $102.60. The stock has a market cap of $9.91 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

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.