Allison Transmission Holdings, Inc. $ALSN Shares Acquired by Vest Financial LLC

Key Points

• Vest Financial LLC has increased its stake in Allison Transmission Holdings by 68.0% during the second quarter, now owning 41,133 shares valued at approximately $3.9 million.
• Allison Transmission reported a net margin of 23.81% with $2.29 earnings per share for the quarter, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.27 per share, with a dividend yield of 1.3% and a payout ratio of 12.27%.

Vest Financial LLC lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 68.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,133 shares of the auto parts company's stock after buying an additional 16,654 shares during the period. Vest Financial LLC's holdings in Allison Transmission were worth $3,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ALSN. Trust Co. of Toledo NA OH acquired a new stake in shares of Allison Transmission during the 2nd quarter worth $28,000. SVB Wealth LLC purchased a new stake in Allison Transmission during the 1st quarter worth $33,000. WPG Advisers LLC purchased a new stake in Allison Transmission during the 1st quarter worth $34,000. Steph & Co. purchased a new stake in Allison Transmission during the 2nd quarter worth $41,000. Finally, SRH Advisors LLC boosted its position in Allison Transmission by 95.0% during the 1st 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. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

NYSE:ALSN opened at $80.75 on Tuesday. 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 firm has a 50-day moving average of $87.17 and a two-hundred day moving average of $92.14. The stock has a market cap of $6.75 billion, a P/E ratio of 9.18 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 1-year low of $79.36 and a 1-year 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 for the quarter, beating analysts' consensus estimates of $2.20 by $0.09. The company had revenue of $814.00 million during the quarter, compared to analysts' expectations 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 for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were given 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 1.3%. Allison Transmission's dividend payout ratio (DPR) is presently 12.27%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America upped 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. Citigroup decreased their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Allison Transmission in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.

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