American Century Companies Inc. Sells 8,152 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• American Century Companies Inc. reduced its holdings in Allison Transmission by 24.3%, now owning 25,450 shares valued at approximately $2.4 million following an 8,152 share sale.
• Allison Transmission reported a quarterly EPS of $2.29, surpassing estimates, with a revenue of $814 million for the quarter, though showing a slight year-over-year decline of 0.2%.
• The company declared a quarterly dividend of $0.27 per share, resulting in an annualized dividend yield of 1.2%.

American Century Companies Inc. cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 24.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,450 shares of the auto parts company's stock after selling 8,152 shares during the quarter. American Century Companies Inc.'s holdings in Allison Transmission were worth $2,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Ethic Inc. grew its holdings in Allison Transmission by 1.3% during the 1st quarter. Ethic Inc. now owns 13,702 shares of the auto parts company's stock worth $1,334,000 after acquiring an additional 177 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Allison Transmission by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company's stock worth $178,686,000 after acquiring an additional 10,208 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Allison Transmission during the 1st quarter worth approximately $532,000. Cookson Peirce & Co. Inc. grew its holdings in Allison Transmission by 16.4% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 12,915 shares of the auto parts company's stock worth $1,236,000 after acquiring an additional 1,821 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Allison Transmission by 264.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,508 shares of the auto parts company's stock worth $240,000 after acquiring an additional 1,820 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Stock Up 0.4%

ALSN traded up $0.39 during trading on Thursday, hitting $88.39. 312,174 shares of the company's stock were exchanged, compared to its average volume of 812,275. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The business's 50 day moving average is $89.93 and its two-hundred day moving average is $94.64. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $122.53. The stock 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 released 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 firm 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 company posted $2.13 earnings per share. The business's revenue was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share 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 issued a dividend of $0.27 per share. 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 presently 12.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ALSN shares. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup dropped 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 report on Tuesday, June 24th. Raymond James Financial dropped their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, Bank of America boosted their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Two 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.com, the stock presently has a consensus rating of "Reduce" and an average price target of $98.38.

Allison Transmission 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.