Allianz Asset Management GmbH Purchases 33,073 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Allianz Asset Management GmbH increased its stake in Allison Transmission Holdings, Inc. by 3.2%, acquiring 33,073 additional shares during the 2nd quarter, bringing its total ownership to 1,081,292 shares valued at approximately $102.7 million.
• Analysts have mixed views on the stock, with price targets adjusted by various firms; JPMorgan lowered its target to $90 while Raymond James set a new target of $105.
• Allison Transmission recently reported a quarterly dividend of $0.27, representing an annualized yield of 1.3%, and has a dividend payout ratio of 12.27%.

Allianz Asset Management GmbH lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,081,292 shares of the auto parts company's stock after acquiring an additional 33,073 shares during the quarter. Allianz Asset Management GmbH owned 1.28% of Allison Transmission worth $102,712,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec raised its holdings in Allison Transmission by 109.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock worth $88,919,000 after purchasing an additional 484,916 shares in the last quarter. KBC Group NV grew its stake in shares of Allison Transmission by 3.7% during the first quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock worth $344,000 after acquiring an additional 127 shares during the last quarter. Private Trust Co. NA grew its stake 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. Janney Montgomery Scott LLC grew its stake in shares of Allison Transmission by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 75,793 shares of the auto parts company's stock worth $7,251,000 after acquiring an additional 2,793 shares during the last quarter. Finally, Kendall Capital Management grew its stake in shares of Allison Transmission by 32.5% during the first quarter. Kendall Capital Management now owns 13,160 shares of the auto parts company's stock worth $1,259,000 after acquiring an additional 3,230 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $81.65 on Friday. The business's 50 day moving average price is $86.87 and its 200 day moving average price is $91.91. The firm has a market cap of $6.83 billion, a P/E ratio of 9.28 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 52 week low of $79.35 and a 52 week high of $122.53. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating analysts' consensus estimates 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%.Allison Transmission's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. On average, sell-side analysts expect 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. Shareholders of record on Wednesday, August 20th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, August 20th. Allison Transmission's dividend payout ratio is currently 12.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ALSN shares. JPMorgan Chase & Co. dropped their price target on Allison Transmission from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday. Raymond James Financial dropped their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Zacks Research upgraded Allison Transmission from a "strong sell" rating to a "hold" rating in a research note on Friday, September 19th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Allison Transmission in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $97.38.

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.

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