Vanguard Group Inc. increased its position in Allison Transmission Holdings Inc (NASDAQ:ALSN) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,298,352 shares of the company’s stock after buying an additional 54,484 shares during the period. Vanguard Group Inc. owned 6.74% of Allison Transmission Holdings worth $318,952,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in ALSN. Acrospire Investment Management LLC raised its position in Allison Transmission Holdings by 99.6% in the second quarter. Acrospire Investment Management LLC now owns 6,013 shares of the company’s stock worth $170,000 after buying an additional 3,000 shares in the last quarter. SG Americas Securities LLC bought a new position in Allison Transmission Holdings during the second quarter worth about $177,000. Societe Generale bought a new position in Allison Transmission Holdings during the second quarter worth about $177,000. Blair William & Co. IL bought a new position in Allison Transmission Holdings during the second quarter worth about $203,000. Finally, Northern Capital Management LLC bought a new position in Allison Transmission Holdings during the second quarter worth about $208,000.
Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) opened at 28.47 on Friday. The stock has a market cap of $4.77 billion and a price-to-earnings ratio of 29.05. Allison Transmission Holdings Inc has a 52 week low of $20.56 and a 52 week high of $30.52. The stock’s 50 day moving average price is $27.83 and its 200 day moving average price is $27.94.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its earnings results on Wednesday, July 27th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.28. The firm had revenue of $475 million for the quarter, compared to analyst estimates of $475.26 million. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. Equities research analysts anticipate that Allison Transmission Holdings Inc will post $1.10 EPS for the current fiscal year.
ALSN has been the topic of a number of research reports. Zacks Investment Research raised Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, July 12th. Credit Suisse Group AG reaffirmed a “focus list” rating and issued a $32.00 price objective on shares of Allison Transmission Holdings in a report on Wednesday, September 7th. Stifel Nicolaus lowered Allison Transmission Holdings from a “buy” rating to a “hold” rating in a report on Monday, June 13th. They noted that the move was a valuation call. Deutsche Bank AG initiated coverage on Allison Transmission Holdings in a report on Tuesday, September 6th. They issued a “hold” rating and a $30.00 price objective on the stock. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Allison Transmission Holdings in a report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $31.00.
In other news, VP Sharon L. Dean sold 5,500 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $28.15, for a total value of $154,825.00. Following the sale, the vice president now owns 7,906 shares in the company, valued at approximately $222,553.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Randall R. Kirk sold 93,210 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $27.87, for a total transaction of $2,597,762.70. Following the completion of the sale, the senior vice president now owns 49,693 shares in the company, valued at approximately $1,384,943.91. The disclosure for this sale can be found here.
Receive News & Ratings for Allison Transmission Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.