Arcus Capital Partners LLC Invests $381,000 in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Arcus Capital Partners LLC has purchased a new position in Allison Transmission Holdings, Inc., acquiring 4,014 shares valued at approximately $381,000 in the second quarter.
• Allison Transmission recently declared a quarterly dividend of $0.27 per share, resulting in an annualized dividend of $1.08 with a yield of 1.3%.
• Allison Transmission's stock opened at $80.80, with a market capitalization of $6.76 billion, and a PE ratio of 9.18.

Arcus Capital Partners LLC acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,014 shares of the auto parts company's stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALSN. Dimensional Fund Advisors LP grew its holdings in shares of Allison Transmission by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company's stock worth $178,686,000 after buying an additional 10,208 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Allison Transmission by 4.3% during the first quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company's stock worth $151,281,000 after acquiring an additional 65,826 shares during the period. Invesco Ltd. increased its stake in shares of Allison Transmission by 6.8% during the first quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company's stock worth $120,795,000 after acquiring an additional 80,653 shares during the period. Federated Hermes Inc. grew its position in 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 worth $108,897,000 after buying an additional 181,568 shares during the period. Finally, Allianz Asset Management GmbH grew its position in Allison Transmission by 3.2% during the second quarter. Allianz Asset Management GmbH now owns 1,081,292 shares of the auto parts company's stock worth $102,712,000 after buying an additional 33,073 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Down 1.1%

ALSN stock opened at $80.80 on Friday. The company's 50 day simple moving average is $86.73 and its 200-day simple moving average is $91.75. The firm has a market capitalization of $6.76 billion, a PE ratio of 9.18 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 12 month low of $79.35 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.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. The business had revenue of $814.00 million for 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 company's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business 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 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were given a $0.27 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. Allison Transmission's dividend payout ratio is currently 12.27%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ALSN. Weiss Ratings restated a "buy (b-)" rating on shares of Allison Transmission in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Raymond James Financial lowered their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Zacks Research upgraded shares of Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Allison Transmission from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $97.38.

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.

Want to see what other hedge funds are holding ALSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.