Public Sector Pension Investment Board Takes Position in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• The Public Sector Pension Investment Board has acquired a new stake in Allison Transmission Holdings, purchasing 82,658 shares valued at approximately $7.91 million, representing about 0.10% of the company.
• Allison Transmission recently announced a quarterly dividend of $0.27 per share, which will be paid on August 29th, resulting in an annualized dividend of $1.08 and a yield of 1.2%.
• Analysts have varied opinions on the stock, with a consensus rating of "Hold" and a target price of $98.38, as two analysts rated it as a sell while others issued hold or outperform ratings.

Public Sector Pension Investment Board bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 82,658 shares of the auto parts company's stock, valued at approximately $7,908,000. Public Sector Pension Investment Board owned 0.10% of Allison Transmission at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ALSN. Vident Advisory LLC increased its holdings in shares of Allison Transmission by 1.0% in the fourth quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after acquiring an additional 102 shares in the last quarter. KBC Group NV increased its holdings in shares of Allison Transmission by 3.7% in the first quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock worth $344,000 after acquiring an additional 127 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Allison Transmission by 9.8% during the first quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock worth $148,000 after buying an additional 138 shares in the last quarter. Delta Investment Management LLC grew its holdings in shares of Allison Transmission by 3.4% during the fourth quarter. Delta Investment Management LLC now owns 4,540 shares of the auto parts company's stock worth $491,000 after buying an additional 151 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Allison Transmission by 32.8% during the first quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock worth $61,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Insider Activity

In other news, VP Ryan A. Milburn sold 3,412 shares of the firm'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 completion of the sale, the vice president directly owned 11,924 shares of the company's stock, valued at $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ALSN. Raymond James Financial decreased their price objective on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Morgan Stanley increased their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Citigroup decreased their price objective on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Finally, The Goldman Sachs Group increased their price objective on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of "Hold" and a consensus price target of $98.38.

Allison Transmission Stock Down 2.2%

ALSN stock traded down $1.96 during mid-day trading on Friday, reaching $86.91. The company had a trading volume of 1,321,896 shares, compared to its average volume of 1,126,062. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The stock has a 50 day simple moving average of $92.04 and a two-hundred day simple moving average of $96.70. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 9.88 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 52 week low of $80.39 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%. The business's revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is presently 12.27%.

Allison Transmission Company 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.