Strs Ohio Purchases New Position in Allison Transmission Holdings, Inc. $ALSN

Strs Ohio purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,850 shares of the auto parts company’s stock, valued at approximately $1,708,000.

Other institutional investors have also bought and sold shares of the company. 111 Capital acquired a new position in Allison Transmission in the fourth quarter worth $599,000. Jefferies Financial Group Inc. acquired a new position in Allison Transmission in the fourth quarter worth $901,000. Public Employees Retirement System of Ohio boosted its stake in Allison Transmission by 35.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company’s stock worth $6,245,000 after purchasing an additional 14,994 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Allison Transmission by 109.1% in the first 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 purchasing an additional 484,916 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Allison Transmission by 10.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company’s stock worth $32,875,000 after purchasing an additional 28,490 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ALSN. 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 note on Monday, June 16th. Raymond James Financial cut their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st. Zacks Research lowered Allison Transmission from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. Citigroup cut their price target on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $98.38.

Allison Transmission Stock Down 0.1%

NYSE:ALSN opened at $87.64 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. The company has a market cap of $7.33 billion, a PE ratio of 9.96 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53. The stock has a 50-day simple moving average of $88.67 and a 200 day simple moving average of $93.80.

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, beating analysts’ consensus estimates of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

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

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.