BI Asset Management Fondsmaeglerselskab A S Has $5.11 Million Stake in 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 lifted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 337.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,416 shares of the auto parts company's stock after purchasing an additional 41,202 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.06% of Allison Transmission worth $5,110,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vident Advisory LLC grew its position in shares of Allison Transmission by 1.0% during the fourth quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after acquiring an additional 102 shares during the last quarter. Callan Family Office LLC lifted its holdings in shares of Allison Transmission by 5.1% during the first quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company's stock worth $249,000 after purchasing an additional 126 shares during the period. KBC Group NV lifted its holdings in shares of Allison Transmission by 3.7% during the first quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock worth $344,000 after purchasing an additional 127 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Allison Transmission by 9.8% during the first quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock worth $148,000 after purchasing an additional 138 shares during the period. Finally, Delta Investment Management LLC lifted its holdings in shares of Allison Transmission by 3.4% during the fourth quarter. Delta Investment Management LLC now owns 4,540 shares of the auto parts company's stock worth $491,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded up $0.09 during trading on Tuesday, hitting $88.45. The stock had a trading volume of 105,440 shares, compared to its average volume of 803,668. The business has a fifty day moving average of $90.57 and a two-hundred day moving average of $95.40. The firm has a market cap of $7.40 billion, a P/E ratio of 10.05 and a beta of 0.97. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week 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 earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same period in the previous year, the company earned $2.13 earnings per share. Allison Transmission's revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 20th will be paid 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 is Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is presently 12.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ALSN shares. Raymond James Financial reduced their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Bank of America lifted their price objective on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup lowered their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Finally, The Goldman Sachs Group lifted their price objective on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Two research 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 currently has a consensus rating of "Reduce" and a consensus 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.