Charles Schwab Investment Management Inc. Acquires 2,438 Shares of Allison Transmission Holdings, Inc. $ALSN

Charles Schwab Investment Management Inc. boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 848,153 shares of the auto parts company’s stock after purchasing an additional 2,438 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.01% of Allison Transmission worth $80,566,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ALSN. Caisse DE Depot ET Placement DU Quebec grew its holdings in 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 valued at $88,919,000 after buying an additional 484,916 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Allison Transmission during the second quarter valued at $31,740,000. Jennison Associates LLC increased its holdings in Allison Transmission by 35.3% in the 2nd quarter. Jennison Associates LLC now owns 866,363 shares of the auto parts company’s stock valued at $82,296,000 after acquiring an additional 226,146 shares during the last quarter. Jane Street Group LLC lifted its stake in Allison Transmission by 341.3% in the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after purchasing an additional 223,253 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Allison Transmission by 97.6% during the 1st quarter. Millennium Management LLC now owns 370,050 shares of the auto parts company’s stock valued at $35,403,000 after purchasing an additional 182,799 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $88.65 on Friday. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 10.86 and a beta of 1.02. 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 stock has a 50 day moving average price of $83.41 and a 200-day moving average price of $89.88. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $121.81.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results 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 company 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 firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The company 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 dividend yield of 1.2%. Allison Transmission’s payout ratio is currently 13.24%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. JPMorgan Chase & Co. decreased their price objective on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Citigroup lowered their target price on 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, Wells Fargo & Company assumed coverage on shares of Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Allison Transmission has an average rating of “Reduce” and a consensus target price of $92.00.

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.