Panagora Asset Management Inc. Has $19.74 Million Stock Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Panagora Asset Management Inc. has reduced its holdings in Allison Transmission by 40.7%, owning 206,333 shares valued at approximately $19.74 million after selling 141,790 shares.
• Several other institutional investors have increased their stakes in Allison Transmission, with Caisse DE Depot ET Placement DU Quebec raising its position by 109.1%, now owning 929,434 shares valued at around $88.92 million.
• Allison Transmission recently announced a quarterly dividend of $0.27 per share, resulting in an annualized dividend of $1.08 and a yield of 1.2%.

Panagora Asset Management Inc. lowered its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 40.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 206,333 shares of the auto parts company's stock after selling 141,790 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.24% of Allison Transmission worth $19,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. bought a new stake in Allison Transmission during the fourth quarter worth about $31,000. SVB Wealth LLC acquired a new stake in shares of Allison Transmission during the 1st quarter valued at $33,000. WPG Advisers LLC acquired a new stake in shares of Allison Transmission during the 1st quarter valued at $34,000. SRH Advisors LLC raised 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Allison Transmission by 363.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after acquiring an additional 392 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Up 0.1%

NYSE:ALSN traded up $0.12 on Wednesday, reaching $87.88. The stock had a trading volume of 1,110,324 shares, compared to its average volume of 815,428. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 9.99 and a beta of 1.02. 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 firm's fifty day moving average is $89.93 and its two-hundred day moving average is $94.64.

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

Allison Transmission Announces Dividend

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

Analyst Ratings Changes

ALSN has been the topic of a number of research analyst reports. Zacks Research downgraded Allison Transmission from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Citigroup cut their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Bank of America upped their price target on shares of 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 decreased their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Allison Transmission currently has an average rating of "Reduce" and an average 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.