New Mexico Educational Retirement Board Acquires New Position in Allison Transmission Holdings, Inc. $ALSN

New Mexico Educational Retirement Board acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,300 shares of the auto parts company’s stock, valued at approximately $1,959,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ALSN. Arizona State Retirement System increased its stake in shares of Allison Transmission by 0.3% in the second quarter. Arizona State Retirement System now owns 22,938 shares of the auto parts company’s stock worth $2,586,000 after buying an additional 78 shares during the period. Gamco Investors INC. ET AL raised its holdings in Allison Transmission by 1.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock valued at $758,000 after buying an additional 100 shares during the last quarter. Brighton Jones LLC raised its holdings in Allison Transmission by 3.2% during the 3rd quarter. Brighton Jones LLC now owns 3,682 shares of the auto parts company’s stock valued at $417,000 after buying an additional 115 shares during the last quarter. Mather Group LLC. boosted its position in Allison Transmission by 68.2% during the 3rd quarter. Mather Group LLC. now owns 291 shares of the auto parts company’s stock valued at $33,000 after buying an additional 118 shares during the period. Finally, Parallel Advisors LLC boosted its position in Allison Transmission by 8.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,779 shares of the auto parts company’s stock valued at $202,000 after buying an additional 141 shares during the period. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALSN. JPMorgan Chase & Co. cut their price target on shares of Allison Transmission from $145.00 to $142.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. Morgan Stanley upped their price objective on shares of Allison Transmission from $132.00 to $139.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 4th. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Wells Fargo & Company cut their target price on Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Allison Transmission in a research note on Wednesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.62.

Allison Transmission Price Performance

ALSN opened at $130.33 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.16 and a current ratio of 1.77. Allison Transmission Holdings, Inc. has a 52-week low of $78.77 and a 52-week high of $137.62. The stock has a market capitalization of $10.70 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.60 and a beta of 1.06. The stock’s 50 day moving average price is $116.51 and its 200-day moving average price is $118.72.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, November 2nd. The auto parts company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.58. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. Allison Transmission had a return on equity of 42.33% and a net margin of 11.12%. The firm’s revenue was up 121.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 earnings per share. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 10.68 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Monday, November 23rd will be issued a $0.29 dividend. The ex-dividend date is Monday, November 23rd. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s dividend payout ratio is 16.67%.

Insider Buying and Selling

In other news, CEO David Graziosi sold 26,708 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the sale, the chief executive officer directly owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Allison Transmission Profile

Allison Transmission designs and manufactures vehicle propulsion solutions, with a core business in fully automatic transmissions for commercial and military vehicles. Its products are used in applications such as buses, trucks, construction and refuse vehicles, emergency vehicles, and defense equipment. The company also develops electrified propulsion technologies, including hybrid systems and electric axles, for commercial vehicles. Allison serves customers in markets around the world. Founded in 1915, Allison’s transmission business was part of General Motors for decades before becoming independent in 2007.