Allison Transmission Holdings, Inc. $ALSN Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 136.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,119 shares of the auto parts company’s stock after purchasing an additional 1,223 shares during the quarter. Assetmark Inc.’s holdings in Allison Transmission were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALSN. Trust Co. of Toledo NA OH purchased a new position in shares of Allison Transmission during the second quarter worth $28,000. SVB Wealth LLC purchased a new stake in shares of Allison Transmission during the first quarter worth approximately $33,000. WPG Advisers LLC acquired a new stake in shares of Allison Transmission in the first quarter valued at about $34,000. Cullen Frost Bankers Inc. grew its position in shares of Allison Transmission by 3,108.3% in the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 373 shares in the last quarter. Finally, Steph & Co. acquired a new position in shares of Allison Transmission during the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $81.97 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $122.53. The stock has a 50-day moving average price of $84.81 and a two-hundred day moving average price of $91.15. 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 company has a market cap of $6.82 billion, a PE ratio of 10.04 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 41.37% and a net margin of 22.78%.The business had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Allison Transmission’s quarterly revenue was down 15.9% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of research analyst reports. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Citigroup lowered their price target on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Raymond James Financial lowered their price objective on shares of 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, JPMorgan Chase & Co. lowered their price target on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Allison Transmission has an average rating of “Reduce” and an average price target of $93.00.

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.