Empirical Finance LLC Buys 5,559 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Empirical Finance LLC lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 70.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,440 shares of the auto parts company’s stock after buying an additional 5,559 shares during the quarter. Empirical Finance LLC’s holdings in Allison Transmission were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. DGS Capital Management LLC increased its stake in shares of Allison Transmission by 2.5% in the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock worth $370,000 after purchasing an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Allison Transmission by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock worth $1,661,000 after buying an additional 100 shares in the last quarter. Quarry LP raised its holdings in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Allison Transmission by 3.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock valued at $355,000 after acquiring an additional 126 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 162 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Allison Transmission news, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $20,165,413.52. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 owns 6,420 shares of the company’s stock, valued at $695,928. This trade represents a 23.75 % 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 Stock Performance

Allison Transmission stock opened at $115.83 on Monday. The company’s 50-day moving average price is $113.71 and its 200-day moving average price is $103.12. 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 market cap of $10.03 billion, a PE 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.

Analysts Set New Price Targets

Several analysts recently issued reports on ALSN shares. 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. Bank of America boosted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Morgan Stanley raised 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 note on Tuesday, December 17th. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Two 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $101.38.

About Allison Transmission

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.