Arizona State Retirement System Sells 897 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Arizona State Retirement System lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,029 shares of the auto parts company’s stock after selling 897 shares during the quarter. Arizona State Retirement System’s holdings in Allison Transmission were worth $1,455,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AMI Investment Management Inc. raised its holdings in shares of Allison Transmission by 7.1% in the 1st quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock worth $3,816,000 after buying an additional 6,438 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Allison Transmission by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock worth $13,140,000 after buying an additional 16,209 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Allison Transmission by 267.3% in the 1st quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock worth $1,323,000 after buying an additional 24,534 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Allison Transmission by 1.5% in the 1st quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock worth $2,938,000 after buying an additional 1,127 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Allison Transmission by 31.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock worth $514,000 after buying an additional 3,142 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the transaction, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the transaction, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dana Jh Pittard sold 2,686 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the completion of the transaction, the vice president now owns 5,143 shares in the company, valued at $374,616.12. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock worth $6,244,562 in the last three months. Insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 1.2 %

NYSE ALSN opened at $80.88 on Friday. The stock has a fifty day moving average of $74.87 and a 200-day moving average of $62.93. The stock has a market capitalization of $7.09 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. Allison Transmission Holdings, Inc. has a 52 week low of $44.68 and a 52 week high of $83.42. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.42 by $0.49. The company had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $744.00 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.52 EPS. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 7.64 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.25 dividend. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, March 1st. Allison Transmission’s dividend payout ratio (DPR) is currently 13.44%.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of recent research reports. The Goldman Sachs Group increased their target price on Allison Transmission from $48.00 to $55.00 and gave the stock a “sell” rating in a report on Thursday, February 15th. Oppenheimer raised their price target on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Robert W. Baird raised their price target on Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Morgan Stanley started coverage on Allison Transmission in a report on Monday, January 8th. They set an “equal weight” rating and a $62.00 price target for the company. Finally, StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.88.

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.