Allison Transmission Holdings, Inc. $ALSN Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Allison Transmission Holdings, Inc. by 13.8%, now owning approximately 219,574 shares valued at $21.23 million.
• Allison Transmission reported a quarterly EPS of $2.29, exceeding analysts' expectations, with revenue slightly down year-over-year at $814 million.
• The company announced a quarterly dividend of $0.27, reflecting a 1.3% yield, with a current dividend payout ratio of 12.27%.

Allspring Global Investments Holdings LLC lowered its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 13.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 219,574 shares of the auto parts company's stock after selling 35,159 shares during the period. Allspring Global Investments Holdings LLC owned about 0.26% of Allison Transmission worth $21,233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in Allison Transmission in the 2nd quarter valued at about $28,000. SVB Wealth LLC acquired a new position in Allison Transmission during the 1st quarter worth approximately $33,000. WPG Advisers LLC acquired a new position in Allison Transmission during the 1st quarter worth approximately $34,000. Steph & Co. acquired a new position in Allison Transmission during the 2nd quarter worth approximately $41,000. Finally, SRH Advisors LLC increased 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. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $81.65 on Friday. The business's 50 day simple moving average is $86.87 and its 200-day simple moving average is $91.91. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 9.28 and a beta of 1.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. Allison Transmission Holdings, Inc. has a 12 month low of $79.35 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same quarter in the previous year, the company earned $2.13 EPS. The company's quarterly 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 forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. Allison Transmission's dividend payout ratio is presently 12.27%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALSN. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Zacks Research upgraded Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. JPMorgan Chase & Co. dropped their target price on Allison Transmission from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday. Raymond James Financial dropped their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Finally, Citigroup dropped their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $97.38.

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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