Allison Transmission Holdings, Inc. $ALSN Shares Sold by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC has reduced its stake in Allison Transmission Holdings by 4.4%, now owning 72,427 shares, valued at approximately $6.88 million.
• Allison Transmission reported $2.29 earnings per share for the last quarter, exceeding expectations, with a net margin of 23.81% and revenue of $814 million.
• The company declared a quarterly dividend of $0.27 per share, resulting in an annual yield of 1.2%, with a payout ratio of 12.27%.

Janney Montgomery Scott LLC reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 72,427 shares of the auto parts company's stock after selling 3,366 shares during the quarter. Janney Montgomery Scott LLC owned 0.09% of Allison Transmission worth $6,880,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ALSN. SVB Wealth LLC acquired a new position in shares of Allison Transmission in the 1st quarter worth approximately $33,000. WPG Advisers LLC acquired a new position in shares of Allison Transmission in the 1st quarter worth approximately $34,000. Steph & Co. acquired a new position in shares of Allison Transmission in the 2nd quarter worth approximately $41,000. SRH Advisors LLC lifted its holdings 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 buying an additional 228 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in Allison Transmission by 32.8% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock worth $61,000 after buying an additional 157 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Trading Down 0.0%

NYSE ALSN opened at $86.52 on Monday. 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 company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 9.83 and a beta of 1.01. The firm's fifty day moving average price is $87.90 and its 200 day moving average price is $92.83.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $811.05 million. During the same period last year, the firm posted $2.13 EPS. Allison Transmission's revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on ALSN. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Raymond James Financial reduced their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Zacks Research upgraded shares of Allison Transmission from a "strong sell" rating to a "hold" rating in a report on Friday, September 19th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Allison Transmission in a report on Saturday, September 27th. Finally, Bank of America increased their target price 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. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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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