Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,014 shares of the auto parts company's stock after buying an additional 6,728 shares during the period. Teacher Retirement System of Texas owned 0.06% of Allison Transmission worth $5,729,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ALSN. FMR LLC boosted its position in shares of Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock valued at $1,224,479,000 after purchasing an additional 2,493,310 shares in the last quarter. Geode Capital Management LLC grew its position in Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company's stock valued at $188,511,000 after purchasing an additional 79,506 shares during the last quarter. State Street Corp lifted its position in Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock valued at $161,597,000 after purchasing an additional 13,252 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Allison Transmission by 7.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company's stock worth $114,690,000 after buying an additional 69,008 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock worth $87,896,000 after buying an additional 233,214 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Remove Ads

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the transaction, the senior vice president now directly owns 6,420 shares of the company's stock, valued at approximately $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALSN. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group lifted their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 12th. StockNews.com cut shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. Citigroup dropped their price objective on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Finally, Morgan Stanley raised their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $102.00.

Allison Transmission Stock Up 0.2 %

Shares of NYSE:ALSN traded up $0.18 during trading hours on Tuesday, hitting $100.48. The company's stock had a trading volume of 215,638 shares, compared to its average volume of 598,650. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 12.12 and a beta of 1.02. The firm's fifty day moving average price is $106.65 and its 200 day moving average price is $106.11. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission's payout ratio is 13.00%.

About Allison Transmission

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.