Alaska Permanent Fund Corp Sells 1,996 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Alaska Permanent Fund Corp cut its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,601 shares of the auto parts company’s stock after selling 1,996 shares during the quarter. Alaska Permanent Fund Corp owned about 0.08% of Allison Transmission worth $4,280,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. London Co. of Virginia lifted its position in shares of Allison Transmission by 1.1% during the third quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company’s stock worth $142,576,000 after purchasing an additional 26,316 shares during the last quarter. Boston Partners grew its stake in Allison Transmission by 1.7% in the third quarter. Boston Partners now owns 1,747,514 shares of the auto parts company’s stock valued at $102,250,000 after purchasing an additional 29,912 shares during the last quarter. Invesco Ltd. grew its stake in Allison Transmission by 17.8% in the third quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock valued at $87,264,000 after purchasing an additional 222,863 shares during the last quarter. Federated Hermes Inc. grew its stake in Allison Transmission by 62.5% in the third quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock valued at $47,207,000 after purchasing an additional 307,322 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Allison Transmission by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 674,416 shares of the auto parts company’s stock valued at $39,831,000 after purchasing an additional 36,171 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Up 0.4 %

Shares of ALSN traded up $0.28 during midday trading on Wednesday, hitting $80.03. The company had a trading volume of 700,655 shares, compared to its average volume of 664,711. The company’s 50-day simple moving average is $77.38 and its 200-day simple moving average is $64.01. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The firm has a market capitalization of $7.01 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.46 and a beta of 1.03. Allison Transmission Holdings, Inc. has a 1 year low of $44.68 and a 1 year high of $83.42.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.49. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The business had revenue of $775.00 million for the quarter, compared to analyst estimates of $744.00 million. During the same quarter last year, the company earned $1.52 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 7.74 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s payout ratio is presently 13.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ALSN shares. Morgan Stanley started coverage on Allison Transmission in a research note on Monday, January 8th. They set an “equal weight” rating and a $62.00 price target on the stock. Oppenheimer boosted their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Robert W. Baird lifted their target price on Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, The Goldman Sachs Group lifted their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.88.

Insider Activity

In related news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Niekerk Teresa Van sold 6,241 shares of Allison Transmission stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $74.87, for a total value of $467,263.67. Following the completion of the sale, the vice president now owns 21,112 shares in the company, valued at $1,580,655.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,843 shares of company stock valued at $6,244,562. Company insiders own 0.93% of the company’s stock.

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.