Strs Ohio Trims Holdings in Allison Transmission Holdings, Inc. $ALSN

Strs Ohio reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 90.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,008 shares of the auto parts company’s stock after selling 18,742 shares during the period. Strs Ohio’s holdings in Allison Transmission were worth $170,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ALSN. Trust Co. of Toledo NA OH purchased a new position in shares of Allison Transmission during the second quarter valued at approximately $28,000. Cullen Frost Bankers Inc. grew its position in shares of Allison Transmission by 3,108.3% in the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 373 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of Allison Transmission in the second quarter valued at $38,000. True Wealth Design LLC increased its stake in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 218 shares during the last quarter. Finally, First Horizon Corp purchased a new position in Allison Transmission during the third quarter worth about $40,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley raised their price target on Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Citigroup increased their target price on shares of Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Allison Transmission in a research report on Wednesday, January 21st. Raymond James Financial boosted their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average target price of $102.00.

Allison Transmission Stock Up 1.3%

NYSE ALSN opened at $111.71 on Wednesday. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $117.07. The business has a 50 day moving average price of $101.40 and a two-hundred day moving average price of $91.15. The stock has a market cap of $9.30 billion, a PE ratio of 13.69, a P/E/G ratio of 1.15 and a beta of 0.97.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.24%.

Allison Transmission 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.