New York State Common Retirement Fund Has $11.72 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

New York State Common Retirement Fund reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,043 shares of the auto parts company’s stock after selling 7,138 shares during the period. New York State Common Retirement Fund owned about 0.28% of Allison Transmission worth $11,719,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in shares of Allison Transmission during the 4th quarter valued at about $25,000. Canada Pension Plan Investment Board increased its holdings in shares of Allison Transmission by 157.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the auto parts company’s stock valued at $51,000 after acquiring an additional 795 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of Allison Transmission by 100.9% during the 3rd quarter. Fred Alger Management LLC now owns 2,144 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 1,077 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Allison Transmission during the 1st quarter valued at about $73,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Allison Transmission by 1,630.0% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,730 shares of the auto parts company’s stock valued at $78,000 after acquiring an additional 1,630 shares during the last quarter. 96.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO G Frederick Bohley sold 4,950 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $60.32, for a total transaction of $298,584.00. Following the completion of the transaction, the chief financial officer now owns 67,368 shares in the company, valued at approximately $4,063,637.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $56.89, for a total transaction of $113,780.00. Following the completion of the sale, the senior vice president now directly owns 18,788 shares of the company’s stock, valued at approximately $1,068,849.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO G Frederick Bohley sold 4,950 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $60.32, for a total value of $298,584.00. Following the sale, the chief financial officer now directly owns 67,368 shares of the company’s stock, valued at $4,063,637.76. The disclosure for this sale can be found here. Insiders sold 17,112 shares of company stock worth $1,013,028 in the last 90 days. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ALSN. Oppenheimer increased their target price on Allison Transmission from $53.00 to $67.00 in a research note on Friday, July 28th. Citigroup increased their target price on Allison Transmission from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 1st. Credit Suisse Group increased their target price on Allison Transmission from $49.00 to $57.00 in a research note on Monday, July 31st. The Goldman Sachs Group increased their target price on Allison Transmission from $42.00 to $48.00 and gave the company a “sell” rating in a research note on Monday, July 31st. Finally, StockNews.com started coverage on Allison Transmission in a research note on Thursday, August 17th. They set a “strong-buy” rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.86.

Allison Transmission Price Performance

Shares of ALSN stock opened at $58.79 on Thursday. The stock has a 50 day moving average of $58.85 and a two-hundred day moving average of $52.04. The company has a current ratio of 2.15, a quick ratio of 1.59 and a debt-to-equity ratio of 2.37. Allison Transmission Holdings, Inc. has a 12 month low of $32.63 and a 12 month high of $61.53. The company has a market capitalization of $5.26 billion, a P/E ratio of 8.72, a P/E/G ratio of 1.20 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.31. The company had revenue of $783.00 million during the quarter, compared to the consensus estimate of $735.95 million. Allison Transmission had a return on equity of 67.93% and a net margin of 21.17%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 6.93 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were given a dividend of $0.23 per share. The ex-dividend date was Friday, August 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.56%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.65%.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.