Clark Capital Management Group Inc. Has $6.24 Million Stock Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Clark Capital Management Group Inc. reduced its holdings in Allison Transmission Holdings by 43.1%, selling 49,500 shares, and now owns 65,238 shares valued at approximately $6.24 million.
• Analysts have mixed ratings on Allison Transmission, with the current consensus rating being "Reduce" and a price target of $98.38, while Bank of America recently raised its target price to $79.00.
• Allison Transmission reported earnings of $2.29 per share for the last quarter, exceeding expectations, and declared a quarterly dividend of $0.27 per share, which represents a 1.2% dividend yield.

Clark Capital Management Group Inc. reduced its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 43.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,238 shares of the auto parts company's stock after selling 49,500 shares during the quarter. Clark Capital Management Group Inc. owned 0.08% of Allison Transmission worth $6,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Allison Transmission by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company's stock worth $178,686,000 after purchasing an additional 10,208 shares in the last quarter. AQR Capital Management LLC boosted its holdings 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 purchasing an additional 65,826 shares during the period. Invesco Ltd. raised its position in Allison Transmission by 6.8% during the 1st quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company's stock valued at $120,795,000 after purchasing an additional 80,653 shares in the last quarter. Federated Hermes Inc. raised its position in Allison Transmission by 19.0% during the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock valued at $108,897,000 after purchasing an additional 181,568 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings 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 valued at $88,919,000 after acquiring an additional 484,916 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Allison Transmission from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. The Goldman Sachs Group boosted their price target on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Citigroup reduced their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Bank of America lifted their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a report on Monday, June 16th. Finally, Raymond James Financial dropped their price target 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. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Stock Up 0.4%

NYSE:ALSN traded up $0.33 during trading hours on Wednesday, reaching $88.91. The company's stock had a trading volume of 113,636 shares, compared to its average volume of 811,603. 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 one year low of $80.39 and a one year high of $122.53. The business's 50-day moving average is $89.48 and its 200-day moving average is $94.20. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 10.10 and a beta of 1.02.

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, topping the consensus estimate of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $811.05 million. During the same quarter last year, the business posted $2.13 earnings per share. The company's revenue was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The company 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. 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%.

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.