Illinois Municipal Retirement Fund Has $2.81 Million Position in Allison Transmission Holdings, Inc. $ALSN

Illinois Municipal Retirement Fund reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 16.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,960 shares of the auto parts company’s stock after selling 4,599 shares during the period. Illinois Municipal Retirement Fund’s holdings in Allison Transmission were worth $2,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Millstone Evans Group LLC bought a new stake in Allison Transmission in the 1st quarter valued at $26,000. Cedar Mountain Advisors LLC acquired a new position in Allison Transmission in the 1st quarter worth $27,000. Larson Financial Group LLC boosted its position in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after buying an additional 263 shares during the period. Transamerica Financial Advisors LLC grew its holdings in shares of Allison Transmission by 2,112.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after buying an additional 338 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Allison Transmission during the fourth quarter worth about $51,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following the transaction, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. This represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ALSN has been the topic of several research reports. Wells Fargo & Company boosted their target price on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Citigroup cut their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Finally, Zacks Research downgraded shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $131.17.

Allison Transmission Stock Performance

ALSN opened at $113.43 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The business has a 50 day moving average of $116.08 and a 200-day moving average of $116.64. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.61 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm earned $2.23 EPS. The firm’s revenue was up 83.6% compared to the same quarter last year. On average, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.91 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s payout ratio is 18.04%.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.