Allison Transmission Holdings, Inc. $ALSN Shares Purchased by 111 Capital

Key Points

• 111 Capital significantly increased its stake in Allison Transmission, raising its position by 223.2% in Q2, owning a total of 7,708 shares valued at $732,000.
• Allison Transmission reported earnings of $2.29 per share for the last quarter, surpassing analysts' expectations, with revenue of $814 million despite a 0.2% year-over-year decrease.
• The company recently announced a quarterly dividend of $0.27, which reflects an annualized dividend yield of 1.2% and a payout ratio of 12.27%%.

111 Capital raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 223.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,708 shares of the auto parts company's stock after purchasing an additional 5,323 shares during the period. 111 Capital's holdings in Allison Transmission were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new stake in Allison Transmission in the 1st quarter valued at about $33,000. WPG Advisers LLC acquired a new stake in shares of Allison Transmission in the first quarter valued at approximately $34,000. Steph & Co. purchased a new position in shares of Allison Transmission during the 2nd quarter worth approximately $41,000. SRH Advisors LLC raised its position in shares of 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 last quarter. Finally, Private Trust Co. NA lifted its stake in Allison Transmission by 32.8% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock valued at $61,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Performance

Allison Transmission stock opened at $86.52 on Friday. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 9.83 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. 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's 50-day moving average is $87.90 and its 200-day moving average is $92.87.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results 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. 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 during the quarter, compared to the consensus estimate of $811.05 million. During the same quarter in the prior year, the company earned $2.13 EPS. The company's revenue was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is currently 12.27%.

Analyst Upgrades and Downgrades

ALSN has been the subject of several recent research reports. Zacks Research raised Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Weiss Ratings restated a "buy (b-)" rating on shares of Allison Transmission in a report on Saturday, September 27th. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup cut 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 report on Tuesday, June 24th. Finally, Bank of America raised their target price 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. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and a consensus price target 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.

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