California State Teachers Retirement System Has $11.41 Million Position in Allison Transmission Holdings, Inc. $ALSN

California State Teachers Retirement System raised its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 22.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,486 shares of the auto parts company’s stock after buying an additional 18,181 shares during the quarter. California State Teachers Retirement System’s holdings in Allison Transmission were worth $11,412,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in shares of Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after acquiring an additional 223,253 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Allison Transmission by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after acquiring an additional 11,542 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Allison Transmission by 9.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock valued at $180,000 after acquiring an additional 165 shares during the period. EverSource Wealth Advisors LLC increased its stake in Allison Transmission by 441.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock valued at $97,000 after acquiring an additional 830 shares during the period. Finally, Marshall Wace LLP acquired a new position in Allison Transmission in the second quarter worth about $6,111,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $116.33 on Tuesday. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 0.63 and a beta of 0.95. The firm’s 50-day moving average price is $116.68 and its two-hundred day moving average price is $117.93. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62.

Allison Transmission (NYSE:ALSN) last posted its earnings results 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. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. Allison Transmission’s quarterly revenue was up 92.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 earnings per share. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.65 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.29 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.16 annualized dividend and a yield of 1.0%. Allison Transmission’s payout ratio is presently 18.04%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.00, for a total value of $283,750.00. Following the transaction, the chief financial officer owned 1,053 shares of the company’s stock, valued at approximately $131,625. The trade was a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ALSN. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Citigroup lowered their price objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Morgan Stanley raised their target price on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Wells Fargo & Company upped their price target on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Allison Transmission presently has an average rating of “Hold” and a consensus price target of $131.17.

About Allison Transmission

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.