California Public Employees Retirement System Sells 24,758 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

California Public Employees Retirement System lessened its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSNGet Rating) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,995 shares of the auto parts company’s stock after selling 24,758 shares during the quarter. California Public Employees Retirement System’s holdings in Allison Transmission were worth $7,613,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. FinTrust Capital Advisors LLC raised its holdings in shares of Allison Transmission by 88.9% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 665 shares of the auto parts company’s stock valued at $26,000 after buying an additional 313 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Allison Transmission by 157.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the auto parts company’s stock valued at $51,000 after buying an additional 795 shares in the last quarter. Covestor Ltd raised its holdings in shares of Allison Transmission by 79.3% during the 1st quarter. Covestor Ltd now owns 3,579 shares of the auto parts company’s stock valued at $141,000 after buying an additional 1,583 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Allison Transmission by 205.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,861 shares of the auto parts company’s stock valued at $152,000 after buying an additional 2,598 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Allison Transmission by 517.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,989 shares of the auto parts company’s stock valued at $153,000 after buying an additional 3,343 shares in the last quarter.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $44.50 on Thursday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.26 and a current ratio of 1.72. The company has a market capitalization of $4.12 billion, a P/E ratio of 8.62, a PEG ratio of 1.19 and a beta of 1.00. The stock has a 50 day moving average price of $38.53 and a two-hundred day moving average price of $38.46. Allison Transmission Holdings, Inc. has a fifty-two week low of $32.63 and a fifty-two week high of $44.70.

Allison Transmission (NYSE:ALSNGet Rating) last announced its earnings results on Wednesday, October 26th. The auto parts company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. The company had revenue of $710.00 million during the quarter, compared to the consensus estimate of $681.87 million. Allison Transmission had a return on equity of 71.96% and a net margin of 18.85%. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. Analysts expect that Allison Transmission Holdings, Inc. will post 5.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 21st will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. Allison Transmission’s dividend payout ratio is presently 16.28%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ALSN shares. StockNews.com started coverage on Allison Transmission in a report on Wednesday, October 12th. They set a “buy” rating on the stock. The Goldman Sachs Group decreased their price objective on Allison Transmission from $37.00 to $32.00 and set a “sell” rating on the stock in a report on Friday, October 14th. Morgan Stanley lifted their price target on Allison Transmission from $30.00 to $33.00 and gave the stock an “underweight” rating in a research note on Friday, October 28th. Citigroup boosted their price objective on Allison Transmission to $44.00 in a research report on Tuesday, November 1st. Finally, Credit Suisse Group boosted their price objective on Allison Transmission from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, October 28th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.40.

Allison Transmission Profile

(Get Rating)

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

Featured Stories

Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSNGet Rating).

Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.