Illinois Municipal Retirement Fund Sells 4,599 Shares of Allison Transmission Holdings, Inc. $ALSN

Illinois Municipal Retirement Fund lowered its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,960 shares of the auto parts company’s stock after selling 4,599 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Allison Transmission were worth $2,805,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in Allison Transmission during the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Allison Transmission in the 1st quarter valued at approximately $27,000. Larson Financial Group LLC raised its holdings in shares of Allison Transmission by 536.7% in the 4th 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 in the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of Allison Transmission by 2,112.5% in the 4th 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. acquired a new position in shares of Allison Transmission in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction 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 trade represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Allison Transmission Stock Down 0.2%

Shares of Allison Transmission stock 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 fifty day simple moving average of $116.08 and a 200 day simple moving average of $116.64. The stock has a market cap of $9.41 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 0.61 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted $2.23 earnings per share. The company’s quarterly revenue was up 83.6% on a year-over-year basis. Research analysts predict that Allison Transmission Holdings, Inc. will post 9.91 EPS for the current year.

Allison Transmission Dividend Announcement

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