Alliancebernstein L.P. Has $25.80 Million Stake in Allison Transmission Holdings, Inc. $ALSN

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. increased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 86.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,658 shares of the auto parts company's stock after purchasing an additional 124,707 shares during the period. Alliancebernstein L.P. owned approximately 0.32% of Allison Transmission worth $25,798,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new stake in shares of Allison Transmission during the fourth quarter worth $31,000. SVB Wealth LLC acquired a new stake in shares of Allison Transmission during the first quarter worth $33,000. WPG Advisers LLC acquired a new stake in shares of Allison Transmission during the first quarter worth $34,000. SRH Advisors LLC grew its stake 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 purchasing an additional 228 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake 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 purchasing an additional 392 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Up 0.7%

ALSN traded up $0.65 on Monday, hitting $89.06. 80,530 shares of the company were exchanged, compared to its average volume of 810,081. 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's fifty day moving average is $88.96 and its 200-day moving average is $93.94. The company has a market cap of $7.45 billion, a PE ratio of 10.11 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53.

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 (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Equities research analysts predict 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. Shareholders of record on Wednesday, August 20th were paid a $0.27 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission's dividend payout ratio is currently 12.27%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America boosted their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Raymond James Financial decreased their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. The Goldman Sachs Group boosted their target price on 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 cut Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Citigroup decreased their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus 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.