Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,794 shares of the auto parts company’s stock after selling 353 shares during the period. Public Employees Retirement System of Ohio’s holdings in Allison Transmission were worth $4,111,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ALSN. FMR LLC increased its position in Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after buying an additional 2,493,310 shares during the period. Jennison Associates LLC acquired a new position in Allison Transmission during the 3rd quarter valued at about $52,156,000. Loomis Sayles & Co. L P grew its position in Allison Transmission by 252.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock worth $56,974,000 after purchasing an additional 424,813 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after purchasing an additional 233,214 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its holdings in shares of Allison Transmission by 257.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after buying an additional 230,152 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ALSN. Robert W. Baird lifted their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Bank of America upped their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Citigroup raised their target price on shares of Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Finally, Oppenheimer increased their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $96.38.

Allison Transmission Stock Performance

NYSE:ALSN opened at $116.51 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average of $110.27 and a 200-day moving average of $92.83. Allison Transmission Holdings, Inc. has a twelve month low of $55.19 and a twelve month high of $122.53. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the previous year, the business posted $1.76 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Analysts forecast that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio is 12.18%.

Insider Activity at Allison Transmission

In related news, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,165,413.52. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at approximately $912,095. The trade was a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock worth $2,830,837 in the last quarter. 1.10% of the stock is owned by company insiders.

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.