Voya Investment Management LLC Sells 38,357 Shares of Allison Transmission Holdings, Inc. $ALSN

Voya Investment Management LLC decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 29.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,738 shares of the auto parts company’s stock after selling 38,357 shares during the period. Voya Investment Management LLC owned 0.11% of Allison Transmission worth $8,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vermillion Wealth Management Inc. purchased a new position in shares of Allison Transmission during the 4th quarter worth approximately $31,000. SVB Wealth LLC purchased a new position in shares of Allison Transmission during the 1st quarter worth approximately $33,000. WPG Advisers LLC purchased a new position in shares of Allison Transmission during the 1st quarter worth approximately $34,000. SRH Advisors LLC grew its holdings in shares of Allison Transmission by 95.0% during the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company’s stock worth $45,000 after acquiring an additional 228 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 392 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN stock opened at $87.64 on Wednesday. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53. 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 firm has a market capitalization of $7.33 billion, a P/E ratio of 9.96 and a beta of 1.02. The stock has a 50 day moving average price of $88.67 and a 200 day moving average price of $93.80.

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

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors 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 dividend payout ratio (DPR) is currently 12.27%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALSN. Zacks Research downgraded Allison Transmission from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. Bank of America upped their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an “underperform” rating in a research note on Monday, June 16th. 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. Wall Street Zen downgraded Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, 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. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $98.38.

About Allison Transmission

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.