Allison Transmission Holdings, Inc. $ALSN Shares Bought by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Allison Transmission Holdings by 86.0%, acquiring an additional 124,707 shares, bringing its total ownership to approximately 269,658 shares valued at about $25.8 million.
• Allison Transmission recently reported earnings of $2.29 per share, beating the expected estimate by $0.09, with revenue declining by 0.2% year-over-year.
• The company’s quarterly dividend was $0.27 per share, yielding 1.2%, and its payout ratio stands at 12.27%.

Alliancebernstein L.P. boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 86.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,658 shares of the auto parts company's stock after purchasing an additional 124,707 shares during the quarter. Alliancebernstein L.P. owned approximately 0.32% of Allison Transmission worth $25,798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ALSN. Vident Advisory LLC grew its stake in Allison Transmission by 1.0% in the 4th quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock valued at $1,100,000 after acquiring an additional 102 shares during the last quarter. Compound Planning Inc. lifted its holdings in shares of Allison Transmission by 5.3% in the first quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company's stock valued at $209,000 after purchasing an additional 109 shares in the last quarter. Callan Family Office LLC grew its position in shares of Allison Transmission by 5.1% in the first quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 126 shares during the last quarter. KBC Group NV increased its stake in shares of Allison Transmission by 3.7% during the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock worth $344,000 after purchasing an additional 127 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Allison Transmission by 9.8% during the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock worth $148,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Trading Down 2.4%

ALSN traded down $2.14 during midday trading on Friday, hitting $88.36. The company's stock had a trading volume of 587,907 shares, compared to its average volume of 861,693. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53. The firm has a 50-day moving average price of $88.96 and a two-hundred day moving average price of $93.99. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. The firm has a market cap of $7.39 billion, a P/E ratio of 10.04 and a beta of 1.02.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping 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 analyst estimates of $811.05 million. During the same period in the prior year, the firm posted $2.13 EPS. The company's revenue was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

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

Wall Street Analyst Weigh In

ALSN has been the subject of several recent research reports. Citigroup dropped 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. Bank of America boosted their target price 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. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Zacks Research lowered shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $98.38.

About Allison Transmission

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.