Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Holdings Lowered by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,210 shares of the auto parts company's stock after selling 4,753 shares during the quarter. California Public Employees Retirement System owned about 0.21% of Allison Transmission worth $19,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in shares of Allison Transmission by 30.0% in the third quarter. BNP Paribas Financial Markets now owns 34,958 shares of the auto parts company's stock worth $3,358,000 after buying an additional 8,072 shares during the period. Townsquare Capital LLC acquired a new stake in Allison Transmission in the third quarter valued at approximately $317,000. Hilltop Holdings Inc. acquired a new stake in Allison Transmission in the third quarter valued at approximately $288,000. HighTower Advisors LLC purchased a new stake in shares of Allison Transmission during the third quarter valued at approximately $270,000. Finally, Janus Henderson Group PLC lifted its position in shares of Allison Transmission by 19.3% during the third quarter. Janus Henderson Group PLC now owns 73,648 shares of the auto parts company's stock worth $7,075,000 after purchasing an additional 11,931 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

ALSN has been the topic of several analyst reports. Morgan Stanley upped their target price on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price objective on shares of Allison Transmission from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Citigroup lowered their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, StockNews.com downgraded Allison Transmission from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Allison Transmission has an average rating of "Hold" and an average target price of $99.50.

Allison Transmission Stock Performance

Shares of NYSE:ALSN traded up $7.59 during trading on Wednesday, hitting $92.00. 998,961 shares of the company traded hands, compared to its average volume of 635,007. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 11.07 and a beta of 0.95. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The business's fifty day moving average is $99.59 and its 200-day moving average is $106.31.

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

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

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.27 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.17%. Allison Transmission's dividend payout ratio (DPR) is currently 13.00%.

Allison Transmission Company 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.