Algert Global LLC Trims Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Algert Global LLC has reduced its stake in Allison Transmission Holdings, Inc. by 5.6%, selling 6,700 shares and currently holding 112,479 shares valued at approximately $10.76 million.
• Allison Transmission's recent earnings report showed a beat on expectations with $2.29 EPS, and a slight revenue decline of 0.2% year-over-year.
• The company announced a quarterly dividend of $0.27 per share, which will be paid on August 29th, with an annualized yield of 1.2%.

Algert Global LLC decreased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,479 shares of the auto parts company's stock after selling 6,700 shares during the quarter. Algert Global LLC owned about 0.13% of Allison Transmission worth $10,761,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALSN. Transce3nd LLC bought a new position in shares of Allison Transmission during the fourth quarter worth $25,000. Vermillion Wealth Management Inc. bought a new position in shares of Allison Transmission during the fourth quarter worth $31,000. SRH Advisors LLC boosted its position in shares of Allison Transmission by 95.0% during the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock worth $45,000 after acquiring an additional 228 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Allison Transmission by 363.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after acquiring an additional 392 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Allison Transmission by 32.8% during the first quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock worth $61,000 after acquiring an additional 157 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ALSN shares. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Bank of America upped their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Citigroup decreased their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Finally, Zacks Research downgraded shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $98.38.

Allison Transmission Trading Up 3.4%

Shares of ALSN traded up $2.9270 during midday trading on Friday, hitting $89.3770. The stock had a trading volume of 291,118 shares, compared to its average volume of 804,996. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53. The firm has a market cap of $7.47 billion, a PE ratio of 10.16 and a beta of 0.97. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The stock's 50 day moving average is $90.90 and its 200 day moving average is $96.03.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business had revenue of $814.00 million for the quarter, compared to the consensus estimate of $811.05 million. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The business's revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. As a group, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Allison Transmission's dividend payout ratio is currently 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.