Canada Pension Plan Investment Board Sells 3,607 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Allison Transmission by 5.6% in the first quarter, owning approximately 60,993 shares valued at $5.83 million.
• A significant number of institutional investors have recently increased their holdings in Allison Transmission, with Caxton Associates LP raising its stake by 208.3% in the fourth quarter.
• Research analysts have mixed ratings for Allison Transmission, with target price adjustments ranging from $74 to $105 and a consensus rating of "Reduce."

Canada Pension Plan Investment Board lowered its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,993 shares of the auto parts company's stock after selling 3,607 shares during the period. Canada Pension Plan Investment Board owned approximately 0.07% of Allison Transmission worth $5,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. 111 Capital purchased a new stake in shares of Allison Transmission in the fourth quarter worth approximately $599,000. Jefferies Financial Group Inc. purchased a new position in shares of Allison Transmission in the 4th quarter worth approximately $901,000. Public Employees Retirement System of Ohio boosted its stake in shares of 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 worth $6,245,000 after buying an additional 14,994 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Allison Transmission by 109.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock valued at $88,919,000 after purchasing an additional 484,916 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Allison Transmission by 10.3% in the fourth 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 purchasing an additional 28,490 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Down 1.2%

Shares of NYSE ALSN traded down $1.09 on Monday, reaching $88.93. 94,390 shares of the company's stock traded hands, compared to its average volume of 811,661. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The business's 50 day simple moving average is $89.74 and its two-hundred day simple moving average is $94.32. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 10.10 and a beta of 1.02. 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 issued its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million for 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 business's revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is currently 12.27%.

Wall Street Analyst Weigh In

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