California Public Employees Retirement System raised its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 263,755 shares of the auto parts company’s stock after purchasing an additional 7,276 shares during the quarter. California Public Employees Retirement System owned 0.23% of Allison Transmission worth $9,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ALSN. Marshall Wace LLP purchased a new stake in Allison Transmission in the 1st quarter valued at approximately $106,000. Vident Investment Advisory LLC grew its stake in shares of Allison Transmission by 41.4% during the 2nd quarter. Vident Investment Advisory LLC now owns 13,550 shares of the auto parts company’s stock valued at $498,000 after buying an additional 3,966 shares during the period. SG Americas Securities LLC purchased a new stake in Allison Transmission during the 2nd quarter worth $342,000. First Trust Advisors LP boosted its position in Allison Transmission by 165.3% during the 2nd quarter. First Trust Advisors LP now owns 156,823 shares of the auto parts company’s stock worth $5,768,000 after purchasing an additional 97,707 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Allison Transmission by 36.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,867 shares of the auto parts company’s stock worth $436,000 after purchasing an additional 3,155 shares during the period. 94.65% of the stock is currently owned by institutional investors.

ALSN stock opened at $39.74 on Friday. Allison Transmission Holdings, Inc. has a 12 month low of $26.15 and a 12 month high of $49.73. The firm has a market cap of $4.48 billion, a PE ratio of 13.34, a P/E/G ratio of 2.18 and a beta of 1.23. The firm has a 50 day simple moving average of $38.66 and a 200 day simple moving average of $37.00. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.86 and a quick ratio of 1.40.

Allison Transmission (NYSE:ALSN) last released its earnings results on Wednesday, October 28th. The auto parts company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.46 by $0.22. The business had revenue of $532.00 million during the quarter, compared to analyst estimates of $456.46 million. Allison Transmission had a net margin of 16.00% and a return on equity of 46.60%. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 2.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be given a $0.17 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.71%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.99%.

A number of brokerages recently weighed in on ALSN. Raymond James upped their price target on shares of Allison Transmission from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 16th. Credit Suisse Group upped their price target on shares of Allison Transmission from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. TheStreet upgraded shares of Allison Transmission from a “c+” rating to a “b” rating in a report on Thursday, October 29th. Bank of America lowered shares of Allison Transmission from a “buy” rating to a “neutral” rating in a report on Friday. Finally, ValuEngine lowered shares of Allison Transmission from a “hold” rating to a “sell” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Allison Transmission currently has an average rating of “Hold” and an average target price of $46.00.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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