Allison Transmission Holdings Inc. (NYSE:ALSN) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Allison Transmission Holdings Inc. (NYSE:ALSN) reported that Ashe Capital has picked up 10,031,115 of common stock as of 2017-05-19.

The acquisition brings the aggregate amount owned by Ashe Capital to a total of 10,031,115 representing less than 6.6% stake in the company.

For those not familiar with the company, 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). The Company’s transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has developed over 100 different models that were used in more than 2,500 different vehicle configurations and were compatible with over 500 combinations of engines, as of December 31, 2016.

A glance at Allison Transmission Holdings Inc. (NYSE:ALSN)’s key stats reveals a current market capitalization of 5.71 Billion based on 152.02 Million shares outstanding and a price at last close of $37.42 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-02-11, Pittard picked up 100 at a purchase price of $21.52. This brings their total   holding to 100 as of the date of the filing.

On the sell side, the most recent transaction saw Kirk unload 7,230 shares at a sale price of $38.59. This brings their total holding to 64,855.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Allison Transmission Holdings Inc. (NYSE:ALSN) as things move forward to see if its progress aligns with these transactions.

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