9,134 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by CHICAGO TRUST Co NA

Key Points

• CHICAGO TRUST Co NA has acquired 9,134 shares of Allison Transmission Holdings, valued at approximately $868,000, indicating institutional investor interest in the company.
• Analysts have mixed views on Allison Transmission, with ratings ranging from "strong sell" to "buy" and an average target price of $98.38.
• Allison Transmission announced a quarterly dividend of $0.27 per share, representing an annualized dividend yield of 1.2% and a payout ratio of 12.27%.

CHICAGO TRUST Co NA bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,134 shares of the auto parts company's stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 111 Capital purchased a new stake in Allison Transmission during the 4th quarter valued at approximately $599,000. Jefferies Financial Group Inc. purchased a new stake in Allison Transmission during the 4th quarter valued at approximately $901,000. Public Employees Retirement System of Ohio grew its holdings in Allison Transmission by 35.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock valued at $6,245,000 after buying an additional 14,994 shares in the last quarter. 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Allison Transmission by 10.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company's stock valued at $32,875,000 after buying an additional 28,490 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ALSN shares. Zacks Research raised shares of Allison Transmission from a "strong sell" rating to a "hold" rating in a report on Friday, September 19th. Bank of America increased their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research report on Monday, June 16th. The Goldman Sachs Group increased their target price on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Raymond James Financial lowered their target price 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 lowered their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $98.38.

Allison Transmission Stock Down 1.2%

Allison Transmission stock opened at $87.28 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The stock has a market capitalization of $7.30 billion, a PE ratio of 9.92 and a beta of 1.02. The business has a 50 day simple moving average of $88.23 and a 200-day simple moving average of $93.48.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same quarter in the previous year, the company posted $2.13 earnings per share. The firm's revenue for the quarter was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. On average, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were issued a $0.27 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Allison Transmission's dividend payout ratio is presently 12.27%.

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.

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