Assenagon Asset Management S.A. Invests $4.48 Million in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Assenagon Asset Management S.A. has invested approximately $4.48 million in Allison Transmission Holdings, acquiring 47,204 shares, which represents about 0.06% of the company.
• Allison Transmission recently reported a quarterly earnings per share (EPS) of $2.29, exceeding analyst estimates and generating a revenue of $814 million, despite a slight year-over-year decline.
• The company announced a quarterly dividend of $0.27 per share, which translates to an annualized dividend yield of about 1.2%.

Assenagon Asset Management S.A. purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 47,204 shares of the auto parts company's stock, valued at approximately $4,484,000. Assenagon Asset Management S.A. owned approximately 0.06% of Allison Transmission as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in Allison Transmission in the 1st quarter worth $33,000. WPG Advisers LLC acquired a new position in Allison Transmission in the 1st quarter worth $34,000. SRH Advisors LLC boosted its stake in Allison Transmission by 95.0% in 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 period. MassMutual Private Wealth & Trust FSB boosted its stake in 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 purchasing an additional 392 shares during the period. Finally, Private Trust Co. NA boosted its stake in Allison Transmission by 32.8% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock worth $61,000 after purchasing an additional 157 shares during the period. 96.90% of the stock is owned by institutional investors.

Allison Transmission Trading Down 0.6%

Shares of NYSE:ALSN opened at $86.85 on Thursday. The company's 50-day moving average price is $88.19 and its two-hundred day moving average price is $93.43. 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 one year low of $80.39 and a one year high of $122.53. The stock has a market capitalization of $7.26 billion, a PE ratio of 9.87 and a beta of 1.02.

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. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The firm had revenue of $814.00 million for the quarter, compared to analysts' expectations of $811.05 million. During the same period in the previous year, the firm posted $2.13 EPS. The company's revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

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

Wall Street Analyst Weigh In

ALSN has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Raymond James Financial reduced 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 note on Monday, July 21st. Citigroup reduced 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. Zacks Research raised shares of Allison Transmission from a "strong sell" rating to a "hold" rating in a research note on Friday, September 19th. Finally, Bank of America boosted their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $98.38.

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.

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