Virginia Retirement Systems ET AL grew its holdings in Allison Transmission Holdings Inc (NYSE:ALSN) by 30.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,200 shares of the auto parts company’s stock after purchasing an additional 6,900 shares during the period. Virginia Retirement Systems ET AL’s holdings in Allison Transmission were worth $1,353,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Allison Transmission by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,679,359 shares of the auto parts company’s stock valued at $73,740,000 after purchasing an additional 49,757 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Allison Transmission by 123.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,967 shares of the auto parts company’s stock valued at $491,000 after buying an additional 6,049 shares in the last quarter. Hancock Whitney Corp grew its stake in shares of Allison Transmission by 13.9% in the 1st quarter. Hancock Whitney Corp now owns 158,472 shares of the auto parts company’s stock valued at $7,119,000 after buying an additional 19,324 shares in the last quarter. DE Burlo Group Inc. bought a new stake in shares of Allison Transmission in the 1st quarter valued at approximately $1,842,000. Finally, Strs Ohio bought a new stake in shares of Allison Transmission in the 1st quarter valued at approximately $321,000. Institutional investors own 92.11% of the company’s stock.
In other news, SVP Randall R. Kirk sold 37,776 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $42.60, for a total value of $1,609,257.60. Following the completion of the sale, the senior vice president now directly owns 190,747 shares of the company’s stock, valued at $8,125,822.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.00% of the stock is owned by corporate insiders.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.26. The firm had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $688.08 million. Allison Transmission had a return on equity of 96.05% and a net margin of 24.06%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. Equities research analysts anticipate that Allison Transmission Holdings Inc will post 4.85 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research note on Wednesday, June 26th. Morgan Stanley assumed coverage on Allison Transmission in a research note on Wednesday, July 17th. They issued an “equal weight” rating and a $50.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $48.89.
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 12 transmission product lines 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.
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