California Public Employees Retirement System Boosts Position in Allison Transmission Holdings, Inc. $ALSN

California Public Employees Retirement System grew its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,921 shares of the auto parts company’s stock after buying an additional 7,643 shares during the period. California Public Employees Retirement System owned 0.21% of Allison Transmission worth $20,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALSN. Millstone Evans Group LLC purchased a new position in Allison Transmission during the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC purchased a new stake in Allison Transmission in the 1st quarter worth approximately $27,000. Larson Financial Group LLC boosted its holdings in Allison Transmission by 536.7% in the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in Allison Transmission by 2,112.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 338 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Allison Transmission during the 4th quarter valued at $51,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $118.79 on Thursday. The firm has a market capitalization of $9.85 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The business’s 50-day moving average price is $115.73 and its 200-day moving average price is $117.02.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.Allison Transmission’s quarterly revenue was up 83.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 EPS. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.91 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, May 18th. Allison Transmission’s payout ratio is presently 18.04%.

Insider Activity

In related news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the transaction, the chief financial officer owned 1,053 shares of the company’s stock, valued at approximately $131,625. This trade represents a 68.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup lowered their price objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Wells Fargo & Company lifted their price target on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, Morgan Stanley lifted their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $131.17.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.