Aviva PLC Takes $488,000 Position in Allison Transmission Holdings, Inc. $ALSN

Aviva PLC purchased a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,138 shares of the auto parts company’s stock, valued at approximately $488,000.

Other hedge funds also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new position in Allison Transmission in the second quarter worth about $28,000. SVB Wealth LLC purchased a new stake in shares of Allison Transmission during the 1st quarter valued at about $33,000. WPG Advisers LLC bought a new position in shares of Allison Transmission in the 1st quarter worth approximately $34,000. Cullen Frost Bankers Inc. lifted its stake in shares of Allison Transmission by 3,108.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 373 shares during the period. Finally, Steph & Co. purchased a new position in shares of Allison Transmission in the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the subject of a number of research reports. Wells Fargo & Company set a $85.00 target price on shares of Allison Transmission in a report on Thursday. JPMorgan Chase & Co. decreased their target price on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Raymond James Financial reduced their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Finally, Citigroup decreased their price objective on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $92.00.

Allison Transmission Stock Up 0.4%

NYSE ALSN opened at $82.34 on Friday. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $122.53. 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 stock has a market cap of $6.85 billion, a PE ratio of 10.09 and a beta of 1.02. The stock’s 50 day moving average is $84.35 and its 200 day moving average is $90.90.

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 net margin of 22.78% and a return on equity of 41.37%. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. During the same quarter in the previous year, the business earned $2.27 EPS. The company’s quarterly revenue was down 15.9% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be paid a $0.27 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.08 annualized dividend and a yield of 1.3%. Allison Transmission’s payout ratio is presently 13.24%.

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.