Cannon Global Investment Management LLC Has $1.37 Million Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Cannon Global Investment Management LLC increased its stake in Allison Transmission Holdings, Inc. by 38.5%, now holding 14,400 shares valued at approximately $1.37 million.
• Analysts have given Allison Transmission an average rating of "Hold", with a consensus target price of $97.38, following recent price target adjustments by several brokerages.
• Allison Transmission recently announced a quarterly dividend of $0.27, representing an annualized yield of 1.3%, and has a dividend payout ratio of 12.27%.

Cannon Global Investment Management LLC boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 38.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,400 shares of the auto parts company's stock after buying an additional 4,000 shares during the quarter. Allison Transmission makes up approximately 2.8% of Cannon Global Investment Management LLC's portfolio, making the stock its 5th largest holding. Cannon Global Investment Management LLC's holdings in Allison Transmission were worth $1,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Compound Planning Inc. boosted its position in Allison Transmission by 5.3% during the first quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company's stock worth $209,000 after purchasing an additional 109 shares during the period. Callan Family Office LLC boosted its position in 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 boosted its position in 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. Verdence Capital Advisors LLC boosted its position in Allison Transmission by 2.1% during the second quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company's stock worth $594,000 after purchasing an additional 131 shares during the period. Finally, GAMMA Investing LLC boosted its position in 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. Institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ALSN. Zacks Research upgraded shares of Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday. Weiss Ratings reissued a "buy (b-)" rating on shares of Allison Transmission in a report on Wednesday, October 8th. Raymond James Financial lowered their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Finally, Citigroup lowered their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $97.38.

Allison Transmission Trading Down 1.1%

Shares of ALSN opened at $80.80 on Friday. The firm's 50 day simple moving average is $86.73 and its 200 day simple moving average is $91.80. The company has a market capitalization of $6.76 billion, a P/E ratio of 9.18 and a beta of 1.01. 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 1-year low of $79.35 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.09. The business 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%. Allison Transmission's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is currently 12.27%.

Allison Transmission 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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