State of New Jersey Common Pension Fund D Has $2.74 Million Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

State of New Jersey Common Pension Fund D raised its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,119 shares of the auto parts company’s stock after purchasing an additional 5,548 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of Allison Transmission worth $2,740,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P boosted its stake in shares of Allison Transmission by 222.5% during the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 416 shares in the last quarter. Quent Capital LLC boosted its position in Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after buying an additional 210 shares during the period. IFP Advisors Inc grew its holdings 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 acquiring an additional 677 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 212 shares during the period. Finally, CWM LLC raised its stake in shares of Allison Transmission by 146.5% during the third quarter. CWM LLC now owns 2,014 shares of the auto parts company’s stock valued at $119,000 after acquiring an additional 1,197 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the transaction, 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. In the last 90 days, insiders sold 87,843 shares of company stock valued at $6,244,562. 0.93% of the stock is owned by company insiders.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $76.09 on Tuesday. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03. The firm’s 50-day moving average price is $77.94 and its 200-day moving average price is $64.51. The firm has a market capitalization of $6.67 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.38 and a beta of 1.03. Allison Transmission Holdings, Inc. has a 1-year low of $45.36 and a 1-year high of $83.42.

Allison Transmission (NYSE:ALSN) last posted 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 the consensus estimate of $772.37 million. During the same period in the prior year, the business earned $1.85 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.71 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

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

Wall Street Analyst Weigh In

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

Allison Transmission Company 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.