Allison Transmission Holdings, Inc. $ALSN Stock Holdings Lifted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Allison Transmission Holdings, owning 331,614 shares valued at approximately $31.7 million after acquiring an additional 27,384 shares in Q1.
• Multiple analysts have adjusted price targets for Allison Transmission, with Goldman Sachs raising it to $90.00 despite issuing a "sell" rating, while Zacks downgraded it to a "strong sell."
• Allison Transmission announced a quarterly dividend of $0.27 per share, reflecting an annualized yield of 1.2% and a payout ratio of 12.27%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 9.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 331,614 shares of the auto parts company's stock after purchasing an additional 27,384 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.39% of Allison Transmission worth $31,726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Zurich Insurance Group Ltd FI purchased a new position in Allison Transmission in the 1st quarter worth $1,311,000. Empowered Funds LLC increased its holdings in Allison Transmission by 5.4% during the first quarter. Empowered Funds LLC now owns 131,671 shares of the auto parts company's stock valued at $12,597,000 after buying an additional 6,761 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in Allison Transmission by 1,245.2% during the first quarter. Coppell Advisory Solutions LLC now owns 21,497 shares of the auto parts company's stock valued at $1,988,000 after buying an additional 19,899 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Allison Transmission in the first quarter worth approximately $1,212,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Allison Transmission by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company's stock valued at $20,560,000 after purchasing an additional 11,542 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Trading Down 0.8%

Shares of ALSN traded down $0.71 during trading hours on Friday, hitting $88.32. The company had a trading volume of 2,225,432 shares, compared to its average volume of 833,227. 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 stock's 50 day moving average price is $88.32 and its 200 day moving average price is $93.63. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53. The firm 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 (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. The business had revenue of $814.00 million for the quarter, compared to analysts' expectations of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed 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 was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Allison Transmission's dividend payout ratio (DPR) is presently 12.27%.

Analysts Set New Price Targets

A number of research firms have commented on ALSN. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Bank of America raised their price objective on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Citigroup cut their target price 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. Raymond James Financial decreased their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Finally, Zacks Research lowered shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average 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.