Teacher Retirement System of Texas Sells 26,375 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Teacher Retirement System of Texas trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 49.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,639 shares of the auto parts company's stock after selling 26,375 shares during the period. Teacher Retirement System of Texas' holdings in Allison Transmission were worth $2,549,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ALSN. Transce3nd LLC bought a new stake in Allison Transmission during the 4th quarter worth about $25,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Allison Transmission in the fourth quarter valued at about $31,000. MassMutual Private Wealth & Trust FSB raised its holdings in Allison Transmission by 363.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after acquiring an additional 392 shares in the last quarter. Whittier Trust Co. acquired a new position in Allison Transmission during the fourth quarter valued at approximately $61,000. Finally, GeoWealth Management LLC bought a new position in Allison Transmission in the fourth quarter valued at approximately $65,000. 96.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 3,412 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the sale, the vice president owned 11,924 shares of the company's stock, valued at $1,254,881.76. This represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Stock Performance

ALSN stock traded up $0.59 during trading hours on Thursday, hitting $95.44. 551,094 shares of the stock were exchanged, compared to its average volume of 672,101. Allison Transmission Holdings, Inc. has a 12 month low of $74.31 and a 12 month high of $122.53. The company has a current ratio of 3.05, a quick ratio of 2.37 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $8.04 billion, a P/E ratio of 11.05 and a beta of 0.96. The company has a 50-day simple moving average of $99.37 and a two-hundred day simple moving average of $101.33.

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, topping analysts' consensus estimates of $1.97 by $0.26. The business had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. Allison Transmission's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $1.90 earnings per share. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is currently 12.50%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALSN. 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 report on Tuesday, April 15th. Citigroup cut their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Raymond James Financial dropped their target price on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lowered their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $99.00.

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.