Federated Hermes Inc. Sells 137,623 Shares of Allison Transmission Holdings, Inc. $ALSN

Federated Hermes Inc. decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,407,176 shares of the auto parts company’s stock after selling 137,623 shares during the period. Federated Hermes Inc. owned approximately 1.68% of Allison Transmission worth $119,441,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ALSN. Trust Co. of Toledo NA OH bought a new stake in Allison Transmission in the second quarter valued at about $28,000. Cullen Frost Bankers Inc. grew its position in shares of Allison Transmission by 3,108.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after buying an additional 373 shares during the period. Employees Retirement System of Texas bought a new stake in shares of Allison Transmission in the 2nd quarter valued at about $38,000. True Wealth Design LLC raised its position in shares of Allison Transmission by 93.2% in the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 shares during the period. Finally, First Horizon Corp bought a new position in Allison Transmission during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $110.51 on Thursday. The stock has a 50-day moving average price of $99.33 and a two-hundred day moving average price of $90.53. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $119.64. The stock has a market cap of $9.20 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The firm had revenue of $693.00 million for the quarter, compared to analyst estimates of $779.97 million. During the same period in the prior year, the company earned $2.27 earnings per share. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is 13.24%.

Analyst Ratings Changes

Several brokerages have commented on ALSN. Raymond James Financial upped their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Allison Transmission in a research report on Wednesday, January 21st. Citigroup raised their price objective on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Wells Fargo & Company boosted their target price on Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley raised their price target on Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and an average price target of $102.00.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the sale, the senior vice president directly owned 10,021 shares in the company, valued at approximately $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.