Caisse DE Depot ET Placement DU Quebec Purchases 484,916 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Allison Transmission Holdings, Inc. by 109.1%, now owning 929,434 shares valued at approximately $88.9 million.
• The company reported $2.29 earnings per share (EPS) for the latest quarter, exceeding estimates, with revenues amounting to $814 million.
• Allison Transmission has declared a quarterly dividend of $0.27, contributing to an annualized dividend yield of 1.2%.

Caisse DE Depot ET Placement DU Quebec raised its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 109.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 929,434 shares of the auto parts company's stock after buying an additional 484,916 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 1.10% of Allison Transmission worth $88,919,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ALSN. Mariner LLC boosted its holdings in shares of Allison Transmission by 27.0% during the fourth quarter. Mariner LLC now owns 4,861 shares of the auto parts company's stock worth $525,000 after purchasing an additional 1,032 shares during the period. MML Investors Services LLC boosted its holdings in shares of Allison Transmission by 15.7% during the fourth quarter. MML Investors Services LLC now owns 17,467 shares of the auto parts company's stock worth $1,888,000 after purchasing an additional 2,367 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Allison Transmission by 30.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,309 shares of the auto parts company's stock worth $682,000 after purchasing an additional 1,456 shares during the period. Stifel Financial Corp boosted its holdings in shares of Allison Transmission by 7.5% during the fourth quarter. Stifel Financial Corp now owns 27,592 shares of the auto parts company's stock worth $2,982,000 after purchasing an additional 1,920 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Allison Transmission during the fourth quarter worth approximately $650,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALSN has been the subject of several research reports. Morgan Stanley raised their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Bank of America raised their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. The Goldman Sachs Group raised their price objective 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. Finally, Raymond James Financial cut their price objective 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. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $98.38.

Allison Transmission Stock Performance

Shares of NYSE:ALSN traded down $1.44 during trading on Thursday, reaching $87.77. The stock had a trading volume of 1,075,615 shares, compared to its average volume of 1,042,661. Allison Transmission Holdings, Inc. has a 52 week low of $80.39 and a 52 week high of $122.53. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 9.97 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. The stock has a fifty day simple moving average of $90.33 and a two-hundred day simple moving average of $95.12.

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 analysts' consensus estimates of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same quarter last year, the firm posted $2.13 earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Allison Transmission's dividend payout ratio (DPR) is currently 12.27%.

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.