Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Strs Ohio

Strs Ohio grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,967 shares of the auto parts company’s stock after buying an additional 4,843 shares during the quarter. Strs Ohio’s holdings in Allison Transmission were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Allison Transmission during the fourth quarter valued at about $49,812,000. Balyasny Asset Management LLC acquired a new stake in Allison Transmission in the 3rd quarter valued at about $16,514,000. AQR Capital Management LLC boosted its position in shares of Allison Transmission by 18.9% during the 4th quarter. AQR Capital Management LLC now owns 2,244,170 shares of the auto parts company’s stock valued at $92,639,000 after purchasing an additional 357,322 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Allison Transmission in the 4th quarter worth approximately $13,939,000. Finally, Federated Hermes Inc. raised its holdings in shares of Allison Transmission by 62.5% in the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after purchasing an additional 307,322 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Price Performance

ALSN opened at $78.38 on Friday. The firm has a market capitalization of $6.87 billion, a P/E ratio of 10.53, a PEG ratio of 1.47 and a beta of 1.03. The stock has a fifty day moving average of $76.69 and a 200-day moving average of $63.65. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. Allison Transmission Holdings, Inc. has a 12-month low of $44.68 and a 12-month high of $83.42.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.49. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The firm had revenue of $775.00 million for the quarter, compared to analyst estimates of $744.00 million. During the same period in the previous year, the firm earned $1.52 earnings per share. Allison Transmission’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 7.76 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.25 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, March 1st. Allison Transmission’s dividend payout ratio (DPR) is currently 13.44%.

Analysts Set New Price Targets

ALSN has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a report on Tuesday. Robert W. Baird raised their price objective on Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Oppenheimer lifted their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. upped their target price on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Finally, StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and a consensus target price of $65.88.

Insider Buying and Selling

In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of 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 legal filing with the SEC, which can be accessed through this link. In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,089,982.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,843 shares of company stock worth $6,244,562. 1.10% of the stock is owned by company insiders.

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.