New York State Teachers Retirement System Sells 113 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

New York State Teachers Retirement System trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,926 shares of the auto parts company’s stock after selling 113 shares during the period. New York State Teachers Retirement System’s holdings in Allison Transmission were worth $758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ALSN. Transce3nd LLC purchased a new stake in Allison Transmission in the fourth quarter worth approximately $25,000. Vermillion Wealth Management Inc. purchased a new position in Allison Transmission in the fourth quarter worth about $31,000. Proficio Capital Partners LLC purchased a new position in shares of Allison Transmission in the fourth quarter worth approximately $42,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 392 shares during the period. Finally, Whittier Trust Co. purchased a new position in shares of Allison Transmission during the 4th quarter valued at $61,000. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

NYSE ALSN opened at $95.44 on Friday. Allison Transmission Holdings, Inc. has a 1 year low of $75.40 and a 1 year high of $122.53. The stock’s 50-day moving average price is $99.37 and its two-hundred day moving average price is $101.33. The company has a market cap of $8.04 billion, a PE ratio of 11.05 and a beta of 0.96. The company has a current ratio of 3.05, a quick ratio of 2.37 and a debt-to-equity ratio of 1.44.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.26. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same period in the prior year, the firm earned $1.90 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.50%.

Analysts Set New Price Targets

ALSN has been the topic of several research reports. Wall Street Zen downgraded Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. dropped their target price on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Morgan Stanley upped their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a “sell” rating in a research report on Tuesday, May 27th. Finally, Raymond James Financial dropped their price target on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus target price of $99.00.

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president owned 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently 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.