Taylor Hoffman Capital Management LLC Raises Stake in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Taylor Hoffman Capital Management LLC increased its stake in Allison Transmission Holdings, Inc. by 5.9%, owning approximately 54,109 shares valued at around $5.14 million as of the latest SEC filing.
• Allison Transmission reported earnings per share (EPS) of $2.29 for the last quarter, exceeding analysts' expectations of $2.20, while also announcing a quarterly dividend of $0.27.
• The company's stock has seen a 1-year range with a low of $80.39 and a high of $122.53, with a current market capitalization of $7.33 billion.

Taylor Hoffman Capital Management LLC increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,109 shares of the auto parts company's stock after acquiring an additional 3,022 shares during the quarter. Allison Transmission comprises about 1.8% of Taylor Hoffman Capital Management LLC's investment portfolio, making the stock its 20th biggest holding. Taylor Hoffman Capital Management LLC owned about 0.06% of Allison Transmission worth $5,140,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Allison Transmission by 0.5% in 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 in the last quarter. AQR Capital Management LLC increased its stake in shares of Allison Transmission by 4.3% in the 1st quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company's stock worth $151,281,000 after acquiring an additional 65,826 shares in the last quarter. Invesco Ltd. increased its stake in shares of Allison Transmission by 6.8% in the 1st quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company's stock worth $120,795,000 after acquiring an additional 80,653 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Allison Transmission by 19.0% in the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock worth $108,897,000 after acquiring an additional 181,568 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Allison Transmission by 109.1% in the 1st 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 acquiring an additional 484,916 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

Shares of ALSN traded down $0.71 on Friday, reaching $88.32. The company's stock had a trading volume of 2,225,432 shares, compared to its average volume of 833,227. 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 has a market capitalization of $7.39 billion, a P/E ratio of 10.04 and a beta of 1.02. The stock's 50 day simple moving average is $88.32 and its two-hundred day simple moving average is $93.61. 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 posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.09. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared 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 of this dividend was Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission's payout ratio is currently 12.27%.

Analyst Ratings Changes

Several research analysts recently issued reports on ALSN shares. Zacks Research lowered shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Bank of America raised their price objective 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. Finally, Citigroup reduced their price objective on shares of 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 investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Allison Transmission has an average rating of "Reduce" and a consensus price target of $98.38.

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.