Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 35.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,788 shares of the auto parts company's stock after purchasing an additional 14,994 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Allison Transmission worth $6,245,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ALSN. EAM Investors LLC bought a new position in Allison Transmission during the fourth quarter valued at approximately $5,766,000. Smith Group Asset Management LLC bought a new position in shares of Allison Transmission in the fourth quarter worth approximately $2,161,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Allison Transmission by 18.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock worth $31,643,000 after purchasing an additional 46,435 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Allison Transmission by 14.5% in the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock worth $5,729,000 after purchasing an additional 6,728 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Allison Transmission by 10.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company's stock worth $32,875,000 after purchasing an additional 28,490 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Trading Down 1.2%

Allison Transmission stock traded down $1.29 during mid-day trading on Friday, hitting $103.51. The company's stock had a trading volume of 963,123 shares, compared to its average volume of 644,836. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The stock has a market cap of $8.72 billion, a PE ratio of 12.46 and a beta of 0.97. The company has a 50 day moving average of $95.83 and a 200-day moving average of $104.76. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.90 earnings per share. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a $0.27 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.04%. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

Allison Transmission announced that its board has initiated a stock repurchase program on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

ALSN has been the topic of several recent analyst reports. Robert W. Baird cut their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Raymond James dropped their price target on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Wall Street Zen raised Allison Transmission from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Morgan Stanley raised their price target on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. dropped their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $98.13.

Insider Buying and Selling

In other news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the sale, the vice president now directly owns 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. Also, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,746 shares of company stock worth $966,854. 1.20% of the stock is owned by corporate insiders.

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.