BI Asset Management Fondsmaeglerselskab A S Purchases 41,202 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its investment in Allison Transmission Holdings by 337.3%, owning 53,416 shares after purchasing 41,202 shares in the first quarter.
• A number of institutional investors have also made significant changes to their positions in Allison Transmission, highlighting a growing interest in the company, with institutional ownership reaching 96.90%.
• Allison Transmission recently reported earnings that surpassed expectations, with an EPS of $2.29 against estimates of $2.20, although quarterly revenue experienced a slight decline of 0.2% compared to the previous year.

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 337.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,416 shares of the auto parts company's stock after buying an additional 41,202 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.06% of Allison Transmission worth $5,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. 111 Capital purchased a new position in Allison Transmission in the 4th quarter valued at approximately $599,000. Jefferies Financial Group Inc. purchased a new position in Allison Transmission in the 4th quarter valued at approximately $901,000. Public Employees Retirement System of Ohio grew its stake in Allison Transmission by 35.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock valued at $6,245,000 after buying an additional 14,994 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Allison Transmission by 10.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company's stock valued at $32,875,000 after buying an additional 28,490 shares in the last quarter. Finally, KBC Group NV grew its stake in Allison Transmission by 3.7% in the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock valued at $344,000 after buying an additional 127 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. 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 research report on Monday, June 16th. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, 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 research report on Tuesday, May 6th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $98.38.

Allison Transmission Price Performance

NYSE:ALSN traded down $0.6620 during midday trading on Monday, hitting $88.6480. The company had a trading volume of 463,705 shares, compared to its average volume of 805,484. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53. The stock's fifty day moving average price is $90.71 and its 200-day moving average price is $95.59. The company has a market capitalization of $7.41 billion, a PE ratio of 10.06 and a beta of 0.97. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.09. The business had revenue of $814.00 million during the quarter, compared to the consensus estimate 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 for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Allison Transmission's dividend payout ratio is 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.