Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,340 shares of the auto parts company’s stock after selling 4,673 shares during the period. New York State Common Retirement Fund owned approximately 0.25% of Allison Transmission worth $12,987,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ALSN. Loomis Sayles & Co. L P boosted its holdings in Allison Transmission by 222.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 416 shares during the period. Quent Capital LLC grew its holdings in Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. IFP Advisors Inc increased its stake in Allison Transmission by 1,538.6% during the 3rd quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock worth $43,000 after buying an additional 677 shares during the period. CWM LLC lifted its holdings in Allison Transmission by 146.5% in the 3rd quarter. CWM LLC now owns 2,014 shares of the auto parts company’s stock worth $119,000 after buying an additional 1,197 shares in the last quarter. Finally, Brookstone Capital Management purchased a new position in Allison Transmission in the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ALSN. Morgan Stanley began coverage on Allison Transmission in a research note on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price target on the stock. Robert W. Baird raised their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday. Oppenheimer upped their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price target on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $71.71.

Allison Transmission Price Performance

ALSN opened at $76.09 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. The company’s 50-day moving average price is $77.94 and its 200 day moving average price is $64.51. Allison Transmission Holdings, Inc. has a fifty-two week low of $45.36 and a fifty-two week high of $83.42. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a return on equity of 58.05% and a net margin of 21.80%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $772.37 million. During the same period in the prior year, the firm earned $1.85 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 7.71 earnings per share for the current year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the transaction, the vice president now directly owns 14,456 shares of the company’s stock, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the transaction, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,843 shares of company stock worth $6,244,562. Insiders own 0.93% of the company’s stock.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.