Allison Transmission Holdings, Inc. $ALSN Shares Newly Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,300 shares of the auto parts company’s stock, valued at approximately $1,959,000.

A number of other large investors have also recently modified their holdings of ALSN. Arizona State Retirement System grew its holdings in shares of Allison Transmission by 0.3% during the second quarter. Arizona State Retirement System now owns 22,938 shares of the auto parts company’s stock worth $2,586,000 after purchasing an additional 78 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Allison Transmission by 1.6% in the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after purchasing an additional 100 shares during the last quarter. Brighton Jones LLC raised its stake in Allison Transmission by 3.2% in the third quarter. Brighton Jones LLC now owns 3,682 shares of the auto parts company’s stock valued at $417,000 after purchasing an additional 115 shares in the last quarter. Mather Group LLC. raised its stake in Allison Transmission by 68.2% in the third quarter. Mather Group LLC. now owns 291 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 118 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Allison Transmission by 8.6% during the third quarter. Parallel Advisors LLC now owns 1,779 shares of the auto parts company’s stock valued at $202,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Insider Activity

In other news, CEO David Graziosi sold 26,708 shares of Allison Transmission stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $132.97, for a total value of $3,551,362.76. Following the transaction, the chief executive officer owned 304,843 shares in the company, valued at approximately $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Allison Transmission Stock Up 3.8%

Shares of NYSE ALSN opened at $130.33 on Thursday. The stock has a market capitalization of $10.70 billion, a P/E ratio of 12.68, a PEG ratio of 0.60 and a beta of 1.06. Allison Transmission Holdings, Inc. has a one year low of $78.77 and a one year high of $137.62. The firm’s 50 day simple moving average is $116.51 and its two-hundred day simple moving average is $118.72. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.77 and a quick ratio of 1.16.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, November 2nd. The auto parts company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.58. Allison Transmission had a net margin of 11.12% and a return on equity of 42.33%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business posted $1.63 EPS. The business’s quarterly revenue was up 121.4% on a year-over-year basis. As a group, analysts expect that Allison Transmission Holdings, Inc. will post 10.68 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 23rd. Allison Transmission’s dividend payout ratio (DPR) is 16.67%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ALSN. Wolfe Research set a $147.00 price target on shares of Allison Transmission in a report on Friday, November 6th. Wells Fargo & Company reduced their target price on Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 8th. JPMorgan Chase & Co. lowered their price target on Allison Transmission from $145.00 to $142.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Citigroup lifted their price target on Allison Transmission from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Allison Transmission in a report on Wednesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $135.62.

About Allison Transmission

Allison Transmission designs and manufactures vehicle propulsion solutions, with a core business in fully automatic transmissions for commercial and military vehicles. Its products are used in applications such as buses, trucks, construction and refuse vehicles, emergency vehicles, and defense equipment. The company also develops electrified propulsion technologies, including hybrid systems and electric axles, for commercial vehicles. Allison serves customers in markets around the world. Founded in 1915, Allison’s transmission business was part of General Motors for decades before becoming independent in 2007.