VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.44 Million Investment in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Virginia Retirement Systems purchased 12,771 shares of Allison Transmission worth approximately $1.44 million in the second quarter. Institutional investors collectively own 96.9% of the company.
• Allison Transmission reported quarterly earnings of $2.73 per share, exceeding estimates of $2.48, while revenue rose 92.4% year over year to $1.57 billion.
• The stock recently traded at $127.06, near analysts’ average price target of $131.17. The company declared a quarterly dividend of $0.29 per share, yielding about 0.9%, while recent analyst sentiment stands at “Moderate Buy.”

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,771 shares of the auto parts company's stock, valued at approximately $1,440,000.

Several other institutional investors have also recently made changes to their positions in ALSN. Millstone Evans Group LLC acquired a new stake in shares of Allison Transmission in the 1st quarter valued at about $26,000. Cedar Mountain Advisors LLC bought a new stake in Allison Transmission in the 1st quarter valued at about $27,000. Cassaday & Co Wealth Management LLC acquired a new position in Allison Transmission during the 1st quarter worth approximately $28,000. Larson Financial Group LLC boosted its holdings in Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company's stock worth $31,000 after acquiring an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company's stock worth $35,000 after acquiring an additional 338 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Trading Down 0.4%

Shares of ALSN stock opened at $127.06 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The company has a 50-day simple moving average of $122.09 and a two-hundred day simple moving average of $120.59. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 0.66 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter last year, the firm earned $2.29 EPS. The company's quarterly revenue was up 92.4% compared to the same quarter last year. Research analysts anticipate that Allison Transmission Holdings, Inc. will post 10.27 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 21st. Allison Transmission's dividend payout ratio (DPR) is 18.44%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ALSN. Morgan Stanley raised their price objective on Allison Transmission from $126.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, July 17th. Citigroup cut their target price on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a "neutral" rating in a research note on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $131.17.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 26,708 shares of Allison Transmission stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the sale, the chief executive officer owned 304,843 shares of the company's stock, valued at approximately $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric C. Scroggins sold 1,050 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Allison Transmission Profile

Allison Transmission, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and military vehicles. Its products are used in applications including trucks, buses, motorhomes, refuse and construction vehicles, and other medium- and heavy-duty vehicles.

The company also develops electrified propulsion technologies, including hybrid-electric systems and electric axles, as well as transmission controls, parts, service, and support offerings. Its products are marketed to original equipment manufacturers, fleet operators, and distributors worldwide, with customers across North America, Europe, Asia, Australia, and other international markets.

Founded in 1915 by James A.

Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.