State of Alaska Department of Revenue Lowers Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

State of Alaska Department of Revenue trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,462 shares of the auto parts company's stock after selling 6,800 shares during the quarter. State of Alaska Department of Revenue owned 0.07% of Allison Transmission worth $5,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System increased its stake in Allison Transmission by 0.4% in the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock worth $2,733,000 after buying an additional 100 shares in the last quarter. Vident Advisory LLC increased its stake in Allison Transmission by 1.0% in the 4th quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after buying an additional 102 shares in the last quarter. Amalgamated Bank increased its stake in Allison Transmission by 1.6% in the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock worth $690,000 after buying an additional 103 shares in the last quarter. Principal Securities Inc. increased its stake in Allison Transmission by 7.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $210,000 after buying an additional 129 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Allison Transmission by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 2,679 shares of the auto parts company's stock worth $289,000 after buying an additional 137 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction on Tuesday, April 1st. The shares were 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. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the transaction, the vice president now directly owns 11,924 shares in the company, valued at $1,254,881.76. This represents a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Allison Transmission Trading Up 2.4%

NYSE ALSN traded up $2.14 during trading on Monday, hitting $92.94. The stock had a trading volume of 867,448 shares, compared to its average volume of 663,641. 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 stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 10.76 and a beta of 1.00. Allison Transmission Holdings, Inc. has a one year low of $73.65 and a one year high of $122.53. The stock has a 50 day simple moving average of $97.97 and a 200 day simple moving average of $102.79.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.26. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The firm had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. During the same quarter in the previous year, the firm posted $1.90 earnings per share. The company's revenue was down 2.9% on a year-over-year basis. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, May 19th. Allison Transmission's payout ratio is 12.50%.

Analyst Ratings Changes

ALSN has been the subject of a number of analyst reports. Bank of America increased their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday. Morgan Stanley raised their price objective on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Robert W. Baird cut their price objective on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Raymond James Financial cut their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $98.38.

About Allison Transmission

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.