Parcion Private Wealth LLC Lowers Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Parcion Private Wealth LLC lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,308 shares of the auto parts company’s stock after selling 2,169 shares during the quarter. Parcion Private Wealth LLC owned 0.07% of Allison Transmission worth $6,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ALSN. SRH Advisors LLC bought a new stake in Allison Transmission in the 4th quarter worth about $26,000. World Investment Advisors LLC bought a new stake in Allison Transmission in the 3rd quarter worth about $29,000. Kestra Investment Management LLC bought a new stake in Allison Transmission in the 4th quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allison Transmission in the 4th quarter worth about $31,000. Finally, Quarry LP grew its stake in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ALSN. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Bank of America lifted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted 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. Finally, Robert W. Baird boosted their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average target price of $100.75.

Allison Transmission Stock Up 0.2 %

Shares of ALSN opened at $103.92 on Thursday. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 12.50 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 1 year low of $67.61 and a 1 year high of $122.53. The business’s 50 day simple moving average is $112.09 and its 200-day simple moving average is $104.22. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of the business’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 transaction of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. This represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,639 shares of company stock valued at $2,448,077 in the last ninety days. 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.