California Public Employees Retirement System boosted its stake in shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) by 42.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422,000 shares of the auto parts company’s stock after buying an additional 126,500 shares during the period. California Public Employees Retirement System’s holdings in Allison Transmission Holdings were worth $15,217,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ALSN. TIAA CREF Investment Management LLC increased its position in Allison Transmission Holdings by 8.7% in the first quarter. TIAA CREF Investment Management LLC now owns 1,182,057 shares of the auto parts company’s stock valued at $42,625,000 after buying an additional 94,222 shares during the last quarter. Teachers Advisors LLC increased its position in Allison Transmission Holdings by 42.1% in the first quarter. Teachers Advisors LLC now owns 709,137 shares of the auto parts company’s stock valued at $25,571,000 after buying an additional 210,006 shares during the last quarter. Systematic Financial Management LP purchased a new position in Allison Transmission Holdings during the first quarter valued at about $1,719,000. FMR LLC increased its position in Allison Transmission Holdings by 1.9% in the first quarter. FMR LLC now owns 23,638,603 shares of the auto parts company’s stock valued at $852,408,000 after buying an additional 430,152 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Allison Transmission Holdings by 15.2% in the first quarter. Wellington Management Group LLP now owns 5,399,424 shares of the auto parts company’s stock valued at $194,704,000 after buying an additional 713,191 shares during the last quarter.

Institutional Ownership by Quarter for Allison Transmission Holdings (NASDAQ:ALSN)

Allison Transmission Holdings Inc (NASDAQ:ALSN) traded up 0.05% during midday trading on Friday, hitting $37.15. 2,924,023 shares of the stock traded hands. The company has a market cap of $5.65 billion and a P/E ratio of 24.72. The company’s 50 day moving average is $38.08 and its 200-day moving average is $36.00. Allison Transmission Holdings Inc has a one year low of $26.36 and a one year high of $40.02.

Allison Transmission Holdings (NASDAQ:ALSN) last issued its earnings results on Wednesday, April 26th. The auto parts company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.17. The business had revenue of $499 million for the quarter, compared to the consensus estimate of $461.76 million. Allison Transmission Holdings had a net margin of 16.63% and a return on equity of 36.64%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, equities research analysts forecast that Allison Transmission Holdings Inc will post $1.80 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Monday, May 22nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, May 18th.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.watchlistnews.com/california-public-employees-retirement-system-boosts-position-in-allison-transmission-holdings-inc-alsn/1372391.html.

Several research firms recently issued reports on ALSN. BidaskClub downgraded Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research raised shares of Allison Transmission Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Tuesday, May 2nd. Deutsche Bank AG upped their price target on shares of Allison Transmission Holdings from $43.00 to $44.00 and gave the company a “hold” rating in a report on Friday, April 28th. Stifel Nicolaus upped their price target on shares of Allison Transmission Holdings from $35.00 to $40.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Royal Bank Of Canada upped their price target on shares of Allison Transmission Holdings from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.89.

In other news, SVP Randall R. Kirk sold 7,222 shares of Allison Transmission Holdings stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $38.73, for a total value of $279,708.06. Following the sale, the senior vice president now owns 75,212 shares of the company’s stock, valued at $2,912,960.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randall R. Kirk sold 6,854 shares of Allison Transmission Holdings stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $35.82, for a total transaction of $245,510.28. Following the completion of the sale, the senior vice president now directly owns 67,149 shares in the company, valued at approximately $2,405,277.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,648 shares of company stock worth $4,947,367.

Allison Transmission Holdings Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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 (NASDAQ:ALSN).

Receive News & Ratings for Allison Transmission Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.