Burgundy Asset Management Ltd. Has $213.77 Million Stock Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Burgundy Asset Management Ltd. reduced its stake in Allison Transmission by 9.6% during the first quarter, now holding approximately 2.2% of its investment portfolio with 2,234,446 shares.
• Allison Transmission's stock recently traded at $86.91, experiencing a 2.2% decrease, with a market cap of $7.27 billion and a 12-month price range between $80.39 and $122.53.
• The company declared a quarterly dividend of $0.27 per share, with a dividend yield of 1.2%, scheduled for distribution on August 29th.

Burgundy Asset Management Ltd. cut its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,234,446 shares of the auto parts company's stock after selling 237,346 shares during the period. Allison Transmission makes up approximately 2.2% of Burgundy Asset Management Ltd.'s holdings, making the stock its 6th biggest position. Burgundy Asset Management Ltd. owned about 2.65% of Allison Transmission worth $213,769,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ALSN. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Allison Transmission by 4,877.2% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock valued at $48,035,000 after acquiring an additional 435,587 shares during the period. Federated Hermes Inc. raised its holdings in shares of Allison Transmission by 19.0% during the first quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock valued at $108,897,000 after acquiring an additional 181,568 shares during the period. GAMMA Investing LLC raised its holdings in shares of Allison Transmission by 10,402.1% during the first quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock valued at $14,187,000 after acquiring an additional 146,877 shares during the period. Jennison Associates LLC raised its holdings in shares of Allison Transmission by 26.4% during the first quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock valued at $61,250,000 after acquiring an additional 133,635 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Allison Transmission during the fourth quarter valued at approximately $13,550,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Performance

NYSE:ALSN traded up $2.8620 during midday trading on Friday, reaching $89.3120. The stock had a trading volume of 312,063 shares, compared to its average volume of 805,182. Allison Transmission Holdings, Inc. has a 1-year low of $80.39 and a 1-year high of $122.53. The firm's fifty day simple moving average is $90.90 and its 200-day simple moving average is $96.03. 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 has a market capitalization of $7.47 billion, a P/E ratio of 10.16 and a beta of 0.97.

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, beating 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 business had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same period last year, the business posted $2.13 EPS. Allison Transmission's revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission's dividend payout ratio is 12.27%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALSN. Morgan Stanley boosted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Zacks Research lowered shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a report on Tuesday. Bank of America boosted 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. The Goldman Sachs Group upped their price objective on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price 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.