Parallel Advisors LLC Has $209,000 Stake in Allison Transmission Holdings, Inc. $ALSN

Parallel Advisors LLC raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 16.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,198 shares of the auto parts company’s stock after acquiring an additional 303 shares during the period. Parallel Advisors LLC’s holdings in Allison Transmission were worth $209,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ALSN. Vermillion Wealth Management Inc. bought a new stake in Allison Transmission in the fourth quarter valued at $31,000. SVB Wealth LLC bought a new stake in Allison Transmission in the first quarter valued at $33,000. WPG Advisers LLC bought a new stake in Allison Transmission in the first quarter valued at $34,000. SRH Advisors LLC grew its holdings 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 during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings 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 during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Up 0.2%

NYSE:ALSN opened at $88.44 on Tuesday. 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 $7.40 billion, a PE ratio of 10.05 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 $88.28 and a 200 day simple moving average of $93.52.

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 Dividend Announcement

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. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, August 20th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.27%.

Analyst Ratings Changes

ALSN has been the topic of several research reports. 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. Zacks Research lowered Allison Transmission from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. The Goldman Sachs Group increased their target price on Allison Transmission from $80.00 to $90.00 and gave the company a “sell” rating in a research note on Tuesday, May 27th. Raymond James Financial cut their target price 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. Finally, Wall Street Zen lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Two investment 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. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus 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.