Illinois Municipal Retirement Fund Invests $766,000 in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Illinois Municipal Retirement Fund acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,090 shares of the auto parts company’s stock, valued at approximately $766,000.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after acquiring an additional 2,493,310 shares during the period. Geode Capital Management LLC raised its position in Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after purchasing an additional 79,506 shares in the last quarter. State Street Corp lifted its holdings in shares of Allison Transmission by 0.8% in the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Allison Transmission by 7.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,061,351 shares of the auto parts company’s stock worth $114,690,000 after buying an additional 69,008 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Allison Transmission by 34.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after buying an additional 233,214 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $98.42 on Tuesday. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The company has a market cap of $8.42 billion, a PE ratio of 11.84 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53. The business’s fifty day simple moving average is $110.30 and its 200-day simple moving average is $105.27.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. Analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s payout ratio is presently 13.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on ALSN shares. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Morgan Stanley lifted their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, Citigroup lowered their target price on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $100.75.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.