14,822 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,822 shares of the auto parts company’s stock, valued at approximately $1,258,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC lifted its stake in shares of Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after buying an additional 223,253 shares during the period. Goldman Sachs Group Inc. raised its stake in Allison Transmission by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after acquiring an additional 11,542 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Allison Transmission by 3,108.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 373 shares during the last quarter. Ethic Inc. lifted its position in Allison Transmission by 4.6% during the 2nd quarter. Ethic Inc. now owns 14,338 shares of the auto parts company’s stock worth $1,357,000 after acquiring an additional 636 shares during the period. Finally, R Squared Ltd purchased a new stake in Allison Transmission during the 2nd quarter valued at about $342,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ALSN shares. Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Wells Fargo & Company upped their target price on Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Citigroup increased their price target on shares of Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 11th. Finally, Raymond James Financial upped their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $102.00.

Insider Activity

In related news, SVP John Coll sold 1,791 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Allison Transmission Stock Up 1.0%

Allison Transmission stock opened at $119.00 on Friday. The business’s 50-day moving average price is $107.54 and its 200 day moving average price is $93.73. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.24 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $119.48.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.