Nuveen Asset Management LLC cut its stake in shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) by 87.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,882 shares of the auto parts company’s stock after selling 218,442 shares during the period. Nuveen Asset Management LLC’s holdings in Allison Transmission Holdings were worth $1,150,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of ALSN. SG Americas Securities LLC bought a new position in Allison Transmission Holdings during the first quarter worth $152,000. Glen Harbor Capital Management LLC acquired a new stake in shares of Allison Transmission Holdings during the first quarter worth approximately $188,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Allison Transmission Holdings by 32.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,471 shares of the auto parts company’s stock worth $197,000 after buying an additional 1,340 shares during the period. World Asset Management Inc acquired a new stake in shares of Allison Transmission Holdings during the first quarter worth approximately $204,000. Finally, Stephens Inc. AR purchased a new stake in shares of Allison Transmission Holdings during the first quarter worth about $225,000.
Shares of Allison Transmission Holdings Inc (NASDAQ ALSN) traded down 3.76% on Tuesday, reaching $36.38. 2,550,054 shares of the company traded hands. The firm has a 50-day moving average of $37.62 and a 200-day moving average of $36.84. The company has a market capitalization of $5.53 billion and a PE ratio of 24.20. Allison Transmission Holdings Inc has a 52-week low of $26.74 and a 52-week high of $40.25.
Allison Transmission Holdings (NASDAQ:ALSN) last announced its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.16. Allison Transmission Holdings had a return on equity of 36.64% and a net margin of 16.63%. The business had revenue of $580 million during the quarter, compared to analysts’ expectations of $515.03 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts forecast that Allison Transmission Holdings Inc will post $1.81 earnings per share for the current fiscal year.
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Several research analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Allison Transmission Holdings from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Barclays PLC raised their price objective on shares of Allison Transmission Holdings from $39.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. BidaskClub lowered shares of Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut shares of Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Finally, Piper Jaffray Companies set a $30.00 target price on shares of Allison Transmission Holdings and gave the company a “sell” rating in a report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $39.13.
In other Allison Transmission Holdings news, SVP Randall R. Kirk sold 7,284 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $37.78, for a total value of $275,189.52. Following the completion of the transaction, the senior vice president now directly owns 78,347 shares of the company’s stock, valued at $2,959,949.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randall R. Kirk sold 7,222 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $38.73, for a total value of $279,708.06. Following the completion of the sale, the senior vice president now owns 75,212 shares in the company, valued at $2,912,960.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,078 shares of company stock valued at $4,977,046.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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