Utah Retirement Systems Has $927,000 Stake in Allison Transmission Holdings Inc (ALSN)
Utah Retirement Systems continued to hold its position in Allison Transmission Holdings Inc (NASDAQ:ALSN) during the first quarter, Holdings Channel reports. The fund owned 25,700 shares of the auto parts company’s stock at the end of the first quarter. Utah Retirement Systems’ holdings in Allison Transmission Holdings were worth $927,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Allison Transmission Holdings during the fourth quarter worth about $5,724,000. State Board of Administration of Florida Retirement System raised its position in Allison Transmission Holdings by 1.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 111,593 shares of the auto parts company’s stock worth $3,760,000 after buying an additional 1,892 shares in the last quarter. Federated Investors Inc. PA raised its position in Allison Transmission Holdings by 133.7% in the fourth quarter. Federated Investors Inc. PA now owns 127,457 shares of the auto parts company’s stock worth $4,294,000 after buying an additional 72,926 shares in the last quarter. Trexquant Investment LP bought a new position in Allison Transmission Holdings during the fourth quarter worth about $431,000. Finally, Asset Management One Co. Ltd. bought a new position in Allison Transmission Holdings during the fourth quarter worth about $198,000.
Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) traded down 0.914% during midday trading on Tuesday, reaching $37.405. 244,243 shares of the company were exchanged. Allison Transmission Holdings Inc has a 52-week low of $26.36 and a 52-week high of $40.02. The company’s 50-day moving average price is $38.05 and its 200 day moving average price is $36.08. The stock has a market capitalization of $5.69 billion and a price-to-earnings ratio of 24.887.
Allison Transmission Holdings (NASDAQ:ALSN) last posted its earnings results on Wednesday, April 26th. The auto parts company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.35 by $0.17. Allison Transmission Holdings had a net margin of 16.63% and a return on equity of 36.64%. The firm had revenue of $499 million during the quarter, compared to analysts’ expectations of $461.76 million. During the same quarter in the prior year, the firm earned $0.63 EPS. Allison Transmission Holdings’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities analysts predict that Allison Transmission Holdings Inc will post $1.80 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 22nd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, May 18th.
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ALSN has been the topic of a number of research reports. Goldman Sachs Group, Inc. (The) lowered Allison Transmission Holdings from a “buy” rating to a “neutral” rating in a report on Monday, February 27th. Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price target on shares of Allison Transmission Holdings in a report on Wednesday, March 22nd. Seaport Global Securities initiated coverage on shares of Allison Transmission Holdings in a research report on Thursday, April 6th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, Barclays PLC raised their price objective on shares of Allison Transmission Holdings from $39.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $37.89.
In other Allison Transmission Holdings news, CFO David S. Graziosi sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $39.09, for a total value of $1,954,500.00. Following the completion of the transaction, the chief financial officer now owns 244,123 shares in the company, valued at approximately $9,542,768.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Randall R. Kirk sold 6,854 shares of the company’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $35.82, for a total transaction of $245,510.28. Following the completion of the transaction, the senior vice president now owns 67,149 shares of the company’s stock, valued at approximately $2,405,277.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,648 shares of company stock valued at $4,947,367.
About Allison Transmission Holdings
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).
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