Allison Transmission Holdings Inc (NYSE:ALSN) Position Boosted by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lifted its holdings in shares of Allison Transmission Holdings Inc (NYSE:ALSN) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,303 shares of the auto parts company’s stock after buying an additional 1,508 shares during the period. Great West Life Assurance Co. Can’s holdings in Allison Transmission were worth $647,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. First Mercantile Trust Co. boosted its holdings in shares of Allison Transmission by 43.7% in the fourth quarter. First Mercantile Trust Co. now owns 1,250 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 380 shares in the last quarter. Virginia Retirement Systems ET AL lifted its stake in Allison Transmission by 1.8% during the fourth quarter. Virginia Retirement Systems ET AL now owns 22,200 shares of the auto parts company’s stock valued at $975,000 after purchasing an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Allison Transmission by 7.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,086 shares of the auto parts company’s stock valued at $355,000 after purchasing an additional 577 shares during the last quarter. First Interstate Bank acquired a new stake in Allison Transmission during the fourth quarter valued at approximately $26,000. Finally, Rehmann Capital Advisory Group lifted its stake in Allison Transmission by 202.3% during the third quarter. Rehmann Capital Advisory Group now owns 934 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 625 shares during the last quarter.

Several research firms recently commented on ALSN. Credit Suisse Group increased their target price on shares of Allison Transmission from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, February 27th. Stifel Nicolaus downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $48.00 in a research report on Wednesday, March 6th. Zacks Investment Research downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Mizuho restated a “hold” rating and issued a $53.00 price target on shares of Allison Transmission in a research report on Tuesday, February 26th. Finally, ValuEngine upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Allison Transmission currently has a consensus rating of “Hold” and an average price target of $48.78.

NYSE:ALSN traded up $0.51 during midday trading on Wednesday, reaching $48.51. The stock had a trading volume of 1,213,500 shares, compared to its average volume of 1,047,177. Allison Transmission Holdings Inc has a 1-year low of $38.14 and a 1-year high of $53.76. The company has a current ratio of 1.70, a quick ratio of 1.30 and a debt-to-equity ratio of 3.83. The firm has a market capitalization of $6.02 billion, a PE ratio of 10.15, a PEG ratio of 1.06 and a beta of 1.36.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.20. Allison Transmission had a net margin of 23.55% and a return on equity of 96.42%. The firm had revenue of $675.00 million during the quarter, compared to the consensus estimate of $658.01 million. During the same period in the prior year, the firm earned $1.08 EPS. The business’s revenue was up 1.8% on a year-over-year basis. As a group, analysts anticipate that Allison Transmission Holdings Inc will post 4.55 EPS for the current fiscal year.

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Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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