Signaturefd LLC Boosts Stake in Allison Transmission Holdings, Inc. $ALSN

Signaturefd LLC raised its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 38.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 853 shares of the auto parts company’s stock after acquiring an additional 238 shares during the period. Signaturefd LLC’s holdings in Allison Transmission were worth $81,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of Allison Transmission by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company’s stock worth $178,686,000 after purchasing an additional 10,208 shares during the last quarter. AQR Capital Management LLC grew its stake in Allison Transmission by 4.3% in 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 buying an additional 65,826 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Allison Transmission by 6.8% in the 1st quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company’s stock worth $120,795,000 after buying an additional 80,653 shares during the last quarter. Federated Hermes Inc. raised its position in shares of 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 valued at $108,897,000 after buying an additional 181,568 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of 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.

Allison Transmission Stock Performance

Allison Transmission stock opened at $86.52 on Monday. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. The firm has a market cap of $7.23 billion, a P/E ratio of 9.83 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 1-year low of $80.39 and a 1-year high of $122.53. The firm has a 50-day moving average of $87.90 and a 200-day moving average of $92.83.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $811.05 million. During the same quarter in the prior year, the company posted $2.13 EPS. Allison Transmission’s quarterly revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. Sell-side 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. Investors of record on Wednesday, August 20th were issued a $0.27 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission’s payout ratio is 12.27%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Citigroup reduced their price objective on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. Wall Street Zen cut Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Raymond James Financial cut their target price on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. 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 note on Monday, June 16th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” 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.