New York State Teachers Retirement System Acquires New Stake in Allison Transmission Holdings Inc (ALSN)

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New York State Teachers Retirement System acquired a new position in Allison Transmission Holdings Inc (NYSE:ALSN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,200 shares of the auto parts company’s stock, valued at approximately $448,000.

A number of other institutional investors also recently added to or reduced their stakes in ALSN. Northern Trust Corp grew its stake in Allison Transmission by 0.6% in the 2nd quarter. Northern Trust Corp now owns 653,205 shares of the auto parts company’s stock worth $26,449,000 after buying an additional 4,001 shares in the last quarter. Bank of Montreal Can grew its stake in Allison Transmission by 144.3% in the 3rd quarter. Bank of Montreal Can now owns 295,339 shares of the auto parts company’s stock worth $15,361,000 after buying an additional 174,435 shares in the last quarter. First Hawaiian Bank purchased a new position in Allison Transmission in the 3rd quarter worth approximately $773,000. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in Allison Transmission by 69.5% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,049,342 shares of the auto parts company’s stock worth $54,576,000 after buying an additional 430,167 shares in the last quarter. Finally, Bowling Portfolio Management LLC grew its stake in Allison Transmission by 83.4% in the 3rd quarter. Bowling Portfolio Management LLC now owns 80,483 shares of the auto parts company’s stock worth $4,186,000 after buying an additional 36,607 shares in the last quarter.

In other news, Director William R. Harker sold 2,030 shares of the company’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $50.01, for a total value of $101,520.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence E. Dewey sold 106,176 shares of the company’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $46.13, for a total transaction of $4,897,898.88. Following the completion of the sale, the director now directly owns 215,152 shares of the company’s stock, valued at approximately $9,924,961.76. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by corporate insiders.

A number of research firms have commented on ALSN. Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Tuesday. Mizuho cut shares of Allison Transmission from a “buy” rating to a “neutral” rating and set a $53.00 price target for the company. in a research note on Wednesday, January 16th. Piper Jaffray Companies set a $28.00 price target on shares of Allison Transmission and gave the stock a “sell” rating in a research note on Monday, January 14th. Macquarie cut shares of Allison Transmission from a “neutral” rating to an “underperform” rating in a research note on Thursday, November 29th. Finally, Citigroup cut their price target on shares of Allison Transmission from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.36.

Shares of Allison Transmission stock opened at $48.68 on Friday. Allison Transmission Holdings Inc has a 52-week low of $37.41 and a 52-week high of $53.76. The firm has a market capitalization of $6.32 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.00 and a beta of 1.38. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.71 and a quick ratio of 1.33.

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Allison Transmission Profile

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 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

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

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