Citigroup Inc. lowered its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 77.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,236 shares of the auto parts company’s stock after selling 107,901 shares during the period. Citigroup Inc.’s holdings in Allison Transmission Holdings were worth $1,172,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Standard Life Investments LTD boosted its stake in Allison Transmission Holdings by 15.9% in the second quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock valued at $138,158,000 after acquiring an additional 504,518 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Allison Transmission Holdings by 37.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,630,598 shares of the auto parts company’s stock valued at $61,164,000 after acquiring an additional 448,541 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Allison Transmission Holdings by 661.1% in the second quarter. Thrivent Financial For Lutherans now owns 497,153 shares of the auto parts company’s stock valued at $18,648,000 after acquiring an additional 431,833 shares during the last quarter. Isthmus Partners LLC bought a new position in shares of Allison Transmission Holdings during the second quarter worth $6,130,000. Finally, Nationwide Fund Advisors boosted its position in shares of Allison Transmission Holdings by 50.4% during the second quarter. Nationwide Fund Advisors now owns 483,692 shares of the auto parts company’s stock worth $18,143,000 after purchasing an additional 162,096 shares in the last quarter.

Allison Transmission Holdings, Inc. (NYSE:ALSN) traded up 1.27% on Friday, hitting $37.41. 869,891 shares of the stock traded hands. The stock has a 50 day moving average of $35.66 and a 200 day moving average of $36.85. Allison Transmission Holdings, Inc. has a 52 week low of $27.03 and a 52 week high of $40.25. The firm has a market capitalization of $5.57 billion, a PE ratio of 21.24 and a beta of 1.20.

Allison Transmission Holdings (NYSE:ALSN) last posted its earnings results on Monday, July 31st. The auto parts company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.16. The firm had revenue of $580.00 million during the quarter, compared to the consensus estimate of $515.03 million. Allison Transmission Holdings had a return on equity of 31.27% and a net margin of 14.32%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post $2.12 earnings per share for the current year.

A number of brokerages have recently weighed in on ALSN. Piper Jaffray Companies reissued a “sell” rating and set a $31.00 price target on shares of Allison Transmission Holdings in a research report on Wednesday, July 12th. Royal Bank Of Canada restated an “outperform” rating and set a $48.00 price objective (up from $46.00) on shares of Allison Transmission Holdings in a report on Tuesday, August 8th. Stifel Nicolaus set a $41.00 price objective on shares of Allison Transmission Holdings and gave the stock a “hold” rating in a report on Thursday, August 3rd. Robert W. Baird upgraded shares of Allison Transmission Holdings from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $51.00 in a report on Tuesday, August 1st. Finally, BidaskClub lowered shares of Allison Transmission Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.63.

In other news, CFO David S. Graziosi sold 39,264 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the transaction, the chief financial officer now owns 233,387 shares in the company, valued at $8,688,998.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David S. Graziosi sold 10,736 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $39.91, for a total value of $428,473.76. Following the transaction, the chief financial officer now owns 204,859 shares in the company, valued at approximately $8,175,922.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,541 shares of company stock valued at $2,148,703. 7.90% of the stock is owned by corporate insiders.

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About Allison Transmission Holdings

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).

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

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