New York State Common Retirement Fund Sells 4,673 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

New York State Common Retirement Fund lessened its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 223,340 shares of the auto parts company’s stock after selling 4,673 shares during the period. New York State Common Retirement Fund’s holdings in Allison Transmission were worth $12,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC lifted its position in Allison Transmission by 8.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 333,198 shares of the auto parts company’s stock worth $19,375,000 after purchasing an additional 25,235 shares during the period. Foster & Motley Inc. boosted its position in shares of Allison Transmission by 10.8% during the 4th quarter. Foster & Motley Inc. now owns 65,977 shares of the auto parts company’s stock valued at $3,837,000 after acquiring an additional 6,427 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Allison Transmission by 8.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,830 shares of the auto parts company’s stock valued at $1,211,000 after acquiring an additional 1,568 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in Allison Transmission in the fourth quarter worth about $229,000. Finally, Mackenzie Financial Corp raised its position in Allison Transmission by 47.2% in the fourth quarter. Mackenzie Financial Corp now owns 187,113 shares of the auto parts company’s stock worth $10,881,000 after purchasing an additional 59,967 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Dana Jh Pittard sold 2,686 shares of the 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 transaction, the vice president now directly owns 5,143 shares in the company, valued at approximately $374,616.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Dana Jh Pittard sold 2,686 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the sale, the vice president now owns 5,143 shares in the company, valued at $374,616.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares in the company, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. Insiders sold a total of 87,843 shares of company stock valued at $6,244,562 over the last quarter. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley initiated coverage on Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price target on the stock. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Friday. The Goldman Sachs Group upped 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, April 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $71.71.

Allison Transmission Price Performance

Shares of ALSN stock opened at $76.09 on Tuesday. Allison Transmission Holdings, Inc. has a 52 week low of $45.36 and a 52 week high of $83.42. The stock has a market capitalization of $6.67 billion, a PE ratio of 10.16, a PEG ratio of 1.38 and a beta of 1.03. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The stock’s fifty day moving average is $77.94 and its 200-day moving average is $64.51.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 58.05%. The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. During the same quarter in the prior year, the company earned $1.85 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 7.71 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. Stockholders of record on Monday, March 4th were paid 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 1.31%. The ex-dividend date of this dividend was Friday, March 1st. Allison Transmission’s dividend payout ratio is 13.35%.

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.