New York State Common Retirement Fund Sells 20,757 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

New York State Common Retirement Fund lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 22.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,641 shares of the auto parts company's stock after selling 20,757 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of Allison Transmission worth $6,950,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. 111 Capital acquired a new stake in Allison Transmission during the fourth quarter worth about $599,000. Jefferies Financial Group Inc. bought a new position in Allison Transmission during the 4th quarter worth approximately $901,000. Public Employees Retirement System of Ohio raised its holdings in Allison Transmission by 35.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock worth $6,245,000 after purchasing an additional 14,994 shares during the last quarter. EAM Investors LLC bought a new stake in shares of Allison Transmission in the 4th quarter valued at $5,766,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Allison Transmission by 14.5% in the 4th quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock valued at $5,729,000 after acquiring an additional 6,728 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on ALSN. Raymond James Financial cut their price objective on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday. Citigroup cut their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Bank of America boosted their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $98.38.

Insider Activity

In related news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the transaction, the vice president directly owned 11,924 shares of the company's stock, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Allison Transmission Trading Up 0.6%

ALSN stock traded up $0.51 on Tuesday, reaching $86.09. The company's stock had a trading volume of 1,646,503 shares, compared to its average volume of 686,823. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.37 and a current ratio of 3.05. The firm has a market cap of $7.25 billion, a PE ratio of 9.96 and a beta of 0.96. The business has a fifty day simple moving average of $98.05 and a two-hundred day simple moving average of $100.18. Allison Transmission Holdings, Inc. has a 12-month low of $78.71 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.97 by $0.26. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. During the same period last year, the company earned $1.90 EPS. Allison Transmission's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.25%. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

Allison Transmission 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.