Advisors Asset Management Inc. Purchases 626 Shares of Allison Transmission Holdings, Inc. $ALSN

Advisors Asset Management Inc. lifted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 19.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,818 shares of the auto parts company’s stock after purchasing an additional 626 shares during the period. Advisors Asset Management Inc.’s holdings in Allison Transmission were worth $365,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new position in shares of Allison Transmission during the fourth quarter worth approximately $31,000. SVB Wealth LLC acquired a new position in shares of Allison Transmission during the first quarter worth approximately $33,000. WPG Advisers LLC acquired a new position in shares of Allison Transmission during the first quarter worth approximately $34,000. SRH Advisors LLC lifted its position in shares of Allison Transmission by 95.0% during the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company’s stock worth $45,000 after purchasing an additional 228 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Allison Transmission by 363.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 392 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Up 2.2%

Shares of NYSE ALSN opened at $90.53 on Friday. The stock has a market cap of $7.57 billion, a P/E ratio of 10.29 and a beta of 1.02. The firm has a 50 day moving average price of $89.15 and a 200 day moving average price of $94.11. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission’s payout ratio is presently 12.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ALSN. Zacks Research lowered shares of Allison Transmission from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Raymond James Financial reduced their target price on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, July 21st. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a “sell” rating in a research report on Tuesday, May 27th. Wall Street Zen cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Finally, Bank of America lifted their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an “underperform” rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Allison Transmission currently has an average rating of “Reduce” and an average target price of $98.38.

Allison Transmission Company 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.