Vestcor Inc Sells 7,501 Shares of Allison Transmission Holdings, Inc. $ALSN

Vestcor Inc lowered its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 67.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,614 shares of the auto parts company’s stock after selling 7,501 shares during the period. Vestcor Inc’s holdings in Allison Transmission were worth $354,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ALSN. Caprock Group LLC grew its holdings in Allison Transmission by 191.5% in the fourth quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company’s stock worth $2,550,000 after purchasing an additional 17,114 shares during the period. SG Americas Securities LLC grew its holdings in shares of Allison Transmission by 109.9% during the fourth quarter. SG Americas Securities LLC now owns 17,014 shares of the auto parts company’s stock valued at $1,666,000 after buying an additional 8,910 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Allison Transmission by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock valued at $27,903,000 after buying an additional 14,445 shares during the last quarter. UBS Group AG grew its holdings in shares of Allison Transmission by 30.4% during the fourth quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock valued at $122,590,000 after buying an additional 291,649 shares during the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of Allison Transmission by 52.2% during the fourth quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock valued at $2,896,000 after buying an additional 10,145 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALSN has been the topic of several research reports. Oppenheimer lifted their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Citigroup boosted their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Morgan Stanley boosted their price target on shares of Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company boosted their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and a consensus price target of $120.29.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $117.77 on Wednesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.62 and a beta of 0.94. The company’s 50-day moving average is $121.33 and its 200 day moving average is $112.22. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business earned $2.23 EPS. The firm’s revenue was up 83.6% compared to the same quarter last year. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.96 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s payout ratio is presently 18.04%.

Insider Buying and Selling

In other Allison Transmission 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 completion of the transaction, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. The trade was a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

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.