AQR Capital Management LLC Raises Stock Position 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 boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,610,913 shares of the auto parts company's stock after acquiring an additional 65,826 shares during the period. AQR Capital Management LLC owned about 1.91% of Allison Transmission worth $151,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec boosted 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 buying an additional 484,916 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Allison Transmission by 341.3% in the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock valued at $27,617,000 after buying an additional 223,253 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Allison Transmission by 19.0% in 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 buying an additional 181,568 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Allison Transmission by 10,402.1% in the 1st quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock valued at $14,187,000 after buying an additional 146,877 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Allison Transmission by 26.4% in the 1st quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock valued at $61,250,000 after buying an additional 133,635 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Bank of America raised 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. Raymond James Financial lowered their price target 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. Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup lowered their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Finally, Zacks Research lowered shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Allison Transmission has a consensus rating of "Reduce" and an average price target of $98.38.

Allison Transmission Price Performance

NYSE ALSN traded down $1.35 on Tuesday, hitting $88.64. The company had a trading volume of 187,208 shares, compared to its average volume of 812,420. The company has a market capitalization of $7.41 billion, a PE ratio of 10.08 and a beta of 1.02. The company's fifty day moving average price is $89.64 and its 200-day moving average price is $94.24. 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 12-month low of $80.39 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $814.00 million during the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were issued a $0.27 dividend. 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 payout ratio is presently 12.27%.

Allison Transmission Company 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.