Aristides Capital LLC Invests $221,000 in Allison Transmission Holdings, Inc. $ALSN

Aristides Capital LLC acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,326 shares of the auto parts company’s stock, valued at approximately $221,000.

Several other large investors also recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Allison Transmission by 109.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock valued at $88,919,000 after purchasing an additional 484,916 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Allison Transmission by 9.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 331,614 shares of the auto parts company’s stock valued at $31,726,000 after buying an additional 27,384 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Allison Transmission by 38.7% during the 2nd quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock valued at $81,000 after buying an additional 238 shares during the period. Arcus Capital Partners LLC bought a new position in shares of Allison Transmission during the 2nd quarter valued at $381,000. Finally, Pallas Capital Advisors LLC boosted its stake in shares of Allison Transmission by 146.3% in the 2nd quarter. Pallas Capital Advisors LLC now owns 10,433 shares of the auto parts company’s stock worth $991,000 after buying an additional 6,197 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ALSN has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on Allison Transmission in a research report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price objective for the company. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Citigroup cut their target price on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $92.00.

Allison Transmission Price Performance

NYSE:ALSN opened at $89.51 on Friday. The business’s 50-day moving average is $83.40 and its 200 day moving average is $90.09. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $121.81. The company has a market capitalization of $7.45 billion, a P/E ratio of 10.97 and a beta of 1.02. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37.

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 analysts’ consensus estimates of $1.95 by ($0.32). The firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a return on equity of 41.37% and a net margin of 22.78%.The business’s revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 EPS. Allison Transmission has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission’s dividend payout ratio is presently 13.24%.

Allison Transmission 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.