Empowered Funds LLC Sells 29,638 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Empowered Funds LLC reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 19.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,910 shares of the auto parts company’s stock after selling 29,638 shares during the period. Empowered Funds LLC’s holdings in Allison Transmission were worth $13,498,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allison Transmission in the 4th quarter worth about $31,000. Quarry LP grew its stake in Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares in the last quarter. SJS Investment Consulting Inc. grew its stake 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 acquiring 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 about $67,000. Finally, City State Bank purchased a new stake in shares of Allison Transmission in the 4th quarter worth approximately $76,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

Shares of ALSN opened at $115.83 on Friday. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. Allison Transmission Holdings, Inc. has a twelve month low of $61.04 and a twelve month high of $122.53. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average of $113.71 and a two-hundred day moving average of $102.99.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the completion of the transaction, the senior vice president now owns 8,420 shares of the company’s stock, valued at $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,165,413.52. This trade 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. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

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