California State Teachers Retirement System Sells 951 Shares of Allison Transmission Holdings, Inc. $ALSN

California State Teachers Retirement System lowered its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,535 shares of the auto parts company's stock after selling 951 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Allison Transmission worth $10,883,356 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Allison Transmission in the second quarter worth about $448,232,000. First Trust Advisors LP boosted its stake in Allison Transmission by 85.2% during the first quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company's stock worth $237,234,000 after buying an additional 932,201 shares during the period. Wasatch Advisors LP increased its holdings in Allison Transmission by 105.7% during the second quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company's stock valued at $170,293,000 after buying an additional 776,169 shares during the period. Stockbridge Partners LLC purchased a new position in shares of Allison Transmission during the second quarter worth $169,108,000. Finally, Bank of America Corp DE raised its holdings in shares of Allison Transmission by 12.3% during the first quarter. Bank of America Corp DE now owns 1,100,162 shares of the auto parts company's stock valued at $128,785,000 after acquiring an additional 120,335 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

Allison Transmission stock traded up $0.35 during midday trading on Tuesday, hitting $123.84. The stock had a trading volume of 208,051 shares, compared to its average volume of 942,116. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The firm's fifty day moving average is $122.23 and its two-hundred day moving average is $120.62. The company has a market capitalization of $10.23 billion, a PE ratio of 19.69, a P/E/G ratio of 0.66 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly 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. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $2.29 EPS. Allison Transmission's revenue for the quarter was up 92.4% compared to the same quarter last year. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 10.27 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a $0.29 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission's dividend payout ratio (DPR) is currently 18.44%.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 26,708 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 304,843 shares of the company's stock, valued at $40,534,973.71. The trade was a 8.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Eric C. Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. This represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on ALSN shares. Weiss Ratings raised Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Morgan Stanley increased their target price 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. boosted their target price 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. Finally, Citigroup lowered their target price on shares of Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $131.17.

Allison Transmission Profile

Allison Transmission, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and military vehicles. Its products are used in applications including trucks, buses, motorhomes, refuse and construction vehicles, and other medium- and heavy-duty vehicles.

The company also develops electrified propulsion technologies, including hybrid-electric systems and electric axles, as well as transmission controls, parts, service, and support offerings. Its products are marketed to original equipment manufacturers, fleet operators, and distributors worldwide, with customers across North America, Europe, Asia, Australia, and other international markets.

Founded in 1915 by James A.

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