Oregon Public Employees Retirement Fund Makes New Investment in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Oregon Public Employees Retirement Fund initiated a position of 17,100 Allison Transmission shares, worth approximately $1.94 million. Institutional investors collectively own 96.9% of the company’s stock.
• Allison reported quarterly EPS of $2.90, beating the $2.32 consensus, while revenue of $1.53 billion exceeded expectations and rose 121.4% year over year.
• Analysts give the stock a “Moderate Buy” consensus rating, with an average price target of $135.62.

Oregon Public Employees Retirement Fund acquired a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,100 shares of the auto parts company's stock, valued at approximately $1,937,000.

Other large investors have also bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in Allison Transmission during the first quarter worth about $27,000. Cassaday & Co Wealth Management LLC bought a new stake in Allison Transmission in the first quarter worth about $28,000. Mather Group LLC. lifted its holdings in Allison Transmission by 68.2% in the 3rd quarter. Mather Group LLC. now owns 291 shares of the auto parts company's stock valued at $33,000 after acquiring an additional 118 shares during the last quarter. Persistent Asset Partners Ltd acquired a new stake in Allison Transmission in the 2nd quarter valued at about $43,000. Finally, Root Financial Partners LLC acquired a new stake in Allison Transmission in the 3rd quarter valued at about $44,000. Institutional investors own 96.90% of the company's stock.

Allison Transmission Trading Up 0.3%

Shares of NYSE ALSN opened at $116.74 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.77 and a debt-to-equity ratio of 1.92. Allison Transmission Holdings, Inc. has a 12 month low of $78.77 and a 12 month high of $137.62. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 0.56 and a beta of 1.06. The business has a fifty day simple moving average of $116.41 and a 200-day simple moving average of $118.48.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The auto parts company reported $2.90 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.58. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.47 billion. Allison Transmission had a return on equity of 42.33% and a net margin of 11.12%. Allison Transmission's revenue was up 121.4% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 10.68 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 21st. Allison Transmission's dividend payout ratio (DPR) is presently 16.67%.

Insider Activity

In other news, insider Eric C. Scroggins sold 1,050 shares of the business's 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 owned 16,604 shares in the company, valued at $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 26,708 shares of the company'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 of the company's stock, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wolfe Research set a $147.00 price objective on shares of Allison Transmission in a research note on Friday. Zacks Research upgraded shares of Allison Transmission from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Weiss Ratings raised shares of Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Morgan Stanley raised their target price on shares of Allison Transmission from $132.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Citigroup lifted their price target on shares of Allison Transmission from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $135.62.

Allison Transmission Company Profile

Allison Transmission designs and manufactures vehicle propulsion solutions, with a core business in fully automatic transmissions for commercial and military vehicles. Its products are used in applications such as buses, trucks, construction and refuse vehicles, emergency vehicles, and defense equipment.

The company also develops electrified propulsion technologies, including hybrid systems and electric axles, for commercial vehicles. Allison serves customers in markets around the world.

Founded in 1915, Allison's transmission business was part of General Motors for decades before becoming independent in 2007.

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