Focus Partners Wealth Purchases 2,325 Shares of Allison Transmission Holdings, Inc. $ALSN

Focus Partners Wealth increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,939 shares of the auto parts company’s stock after acquiring an additional 2,325 shares during the period. Focus Partners Wealth’s holdings in Allison Transmission were worth $2,673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Allison Transmission by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company’s stock worth $178,686,000 after acquiring an additional 10,208 shares during the last quarter. AQR Capital Management LLC grew its position in Allison Transmission by 4.3% during the 1st quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company’s stock worth $151,281,000 after acquiring an additional 65,826 shares during the last quarter. Invesco Ltd. grew its position in Allison Transmission by 6.8% during the 1st quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company’s stock worth $120,795,000 after acquiring an additional 80,653 shares during the last quarter. Federated Hermes Inc. grew its position in Allison Transmission by 19.0% during the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company’s stock worth $108,897,000 after acquiring an additional 181,568 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Allison Transmission by 109.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock worth $88,919,000 after acquiring an additional 484,916 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALSN. Zacks Research lowered Allison Transmission from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Wall Street Zen lowered Allison Transmission from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. The Goldman Sachs Group upped their price target on Allison Transmission from $80.00 to $90.00 and gave the company a “sell” rating in a research report on Tuesday, May 27th. Raymond James Financial reduced their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, July 21st. Finally, Bank of America upped their price target on Allison Transmission from $74.00 to $79.00 and gave the company 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 issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Allison Transmission presently has an average rating of “Reduce” and an average target price of $98.38.

Allison Transmission Stock Down 0.8%

Shares of NYSE:ALSN opened at $87.74 on Tuesday. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 9.97 and a beta of 1.02. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The business’s 50-day moving average is $88.81 and its 200-day moving average is $93.84. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53.

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

Allison Transmission Dividend Announcement

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

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.