VIRGINIA RETIREMENT SYSTEMS ET Al Takes $1.44 Million Position in Allison Transmission Holdings, Inc. $ALSN

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,771 shares of the auto parts company’s stock, valued at approximately $1,440,000.

Several other institutional investors have also recently made changes to their positions in ALSN. California State Teachers Retirement System boosted its holdings in shares of Allison Transmission by 11,064.0% in the second quarter. California State Teachers Retirement System now owns 10,883,356 shares of the auto parts company’s stock worth $1,226,990,000 after acquiring an additional 10,785,870 shares during the period. BlackRock Inc. bought a new stake in shares of Allison Transmission during the 2nd quarter valued at $448,232,000. Bank of Montreal Can raised its stake in shares of Allison Transmission by 4,032.3% during the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after purchasing an additional 2,099,797 shares during the period. Stockbridge Partners LLC purchased a new stake in Allison Transmission during the 2nd quarter worth about $169,108,000. Finally, Norges Bank purchased a new stake in Allison Transmission during the 4th quarter worth about $115,674,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

ALSN has been the subject of several research analyst reports. Morgan Stanley lifted their price target on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Citigroup reduced 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. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. boosted their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.17.

Insider Transactions at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 26,708 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 304,843 shares in the company, valued at $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

Allison Transmission Trading Down 0.4%

NYSE:ALSN opened at $127.06 on Friday. The firm has a market capitalization of $10.49 billion, a P/E ratio of 20.20, a P/E/G ratio of 0.66 and a beta of 0.98. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The company has a fifty day moving average of $122.09 and a 200 day moving average of $120.59. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The company’s revenue was up 92.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.29 EPS. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 10.27 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 21st. Allison Transmission’s payout ratio is currently 18.44%.

Allison Transmission Profile

Allison Transmission, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and military vehicles. Its products are used in applications including trucks, buses, motorhomes, refuse and construction vehicles, and other medium- and heavy-duty vehicles.

The company also develops electrified propulsion technologies, including hybrid-electric systems and electric axles, as well as transmission controls, parts, service, and support offerings. Its products are marketed to original equipment manufacturers, fleet operators, and distributors worldwide, with customers across North America, Europe, Asia, Australia, and other international markets.

Founded in 1915 by James A.