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

Teacher Retirement System of Texas lowered its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 49.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,639 shares of the auto parts company's stock after selling 26,375 shares during the quarter. Teacher Retirement System of Texas' holdings in Allison Transmission were worth $2,549,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. 111 Capital acquired a new position in shares of Allison Transmission during the 4th quarter worth about $599,000. Jefferies Financial Group Inc. acquired a new position in shares of Allison Transmission during the 4th quarter worth about $901,000. Public Employees Retirement System of Ohio lifted its position in shares of Allison Transmission by 35.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock worth $6,245,000 after purchasing an additional 14,994 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Allison Transmission during the 4th quarter worth about $5,766,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Allison Transmission by 10.3% during the 4th 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. Institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALSN. Bank of America boosted their price objective on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Morgan Stanley boosted their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Robert W. Baird cut their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Raymond James Financial cut their price target on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Two research 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.com, Allison Transmission presently has a consensus rating of "Hold" and an average target price of $99.00.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 11,924 shares in the company, valued at $1,254,881.76. This represents a 22.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Price Performance

Shares of ALSN traded down $3.76 during mid-day trading on Friday, reaching $91.75. The company had a trading volume of 924,841 shares, compared to its average volume of 676,056. Allison Transmission Holdings, Inc. has a twelve month low of $77.39 and a twelve month high of $122.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37. The company's 50-day moving average is $99.30 and its 200-day moving average is $101.07. The company has a market capitalization of $7.73 billion, a P/E ratio of 10.62 and a beta of 0.96.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The business had revenue of $766.00 million during the quarter, compared to analysts' expectations of $792.18 million. During the same period in the prior year, the firm posted $1.90 EPS. Allison Transmission's quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.18%. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

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.