Public Employees Retirement System of Ohio Purchases New Holdings in Allison Transmission Holdings, Inc. $ALSN

Public Employees Retirement System of Ohio acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 76,968 shares of the auto parts company’s stock, valued at approximately $8,677,000. Public Employees Retirement System of Ohio owned approximately 0.09% of Allison Transmission at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ALSN. Millstone Evans Group LLC purchased a new position in shares of Allison Transmission in the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Allison Transmission during the first quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC acquired a new position in Allison Transmission in the 1st quarter valued at $28,000. Larson Financial Group LLC lifted 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 in the last quarter. Finally, Transamerica Financial Advisors LLC lifted 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 in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Activity at Allison Transmission

In other news, CEO David S. Graziosi sold 26,708 shares of the firm’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 transaction of $3,551,362.76. Following the completion of the sale, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. This trade represents a 8.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was a 5.95% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 0.3%

NYSE ALSN opened at $125.98 on Tuesday. The business’s fifty day simple moving average is $120.22 and its 200-day simple moving average is $119.92. 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 firm has a market cap of $10.40 billion, a PE ratio of 20.03, a P/E/G ratio of 0.68 and a beta of 0.95. 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 data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Allison Transmission’s quarterly revenue was up 92.4% on a year-over-year basis. As a group, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio is 18.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ALSN shares. Citigroup dropped their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Wells Fargo & Company raised their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Morgan Stanley boosted their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Moderate Buy” and an average price target of $131.17.

Allison Transmission Profile

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.