AQR Capital Management LLC Has $151.28 Million Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• AQR Capital Management LLC has increased its stake in Allison Transmission Holdings, Inc. by 4.3%, holding approximately $151.28 million worth of shares.
• Major hedge funds have been active in modifying their positions, with Caisse DE Depot ET Placement DU Quebec increasing its holdings by 109.1% during the first quarter.
• Analyst ratings for Allison Transmission have been mixed, with recent downgrades from firms such as Citigroup and Zacks, reflecting a cautious outlook on the stock.

AQR Capital Management LLC lifted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,610,913 shares of the auto parts company's stock after buying an additional 65,826 shares during the period. AQR Capital Management LLC owned about 1.91% of Allison Transmission worth $151,281,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ALSN. Caisse DE Depot ET Placement DU Quebec grew its position in Allison Transmission by 109.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock worth $88,919,000 after acquiring an additional 484,916 shares during the last quarter. Jane Street Group LLC grew its position in Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock worth $27,617,000 after acquiring an additional 223,253 shares during the last quarter. Federated Hermes Inc. grew 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 worth $108,897,000 after acquiring an additional 181,568 shares during the last quarter. GAMMA Investing LLC grew its position in Allison Transmission by 10,402.1% during the 1st quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock worth $14,187,000 after acquiring an additional 146,877 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Allison Transmission by 26.4% during the 1st quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock worth $61,250,000 after acquiring an additional 133,635 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup decreased their price target 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. Zacks Research lowered Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America increased their price objective on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research report on Monday, June 16th. Finally, The Goldman Sachs Group increased their price objective on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $98.38.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $87.88 on Thursday. The company has a market capitalization of $7.35 billion, a PE 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 current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. The stock's fifty day simple moving average is $89.93 and its 200 day simple 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 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. The business had revenue of $814.00 million for the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The firm's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors 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 of this dividend was Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is presently 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.

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