Caxton Associates LLP Makes New $1.21 Million Investment in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Caxton Associates LLP invested approximately $1.21 million in Allison Transmission Holdings, acquiring 12,667 shares in the first quarter.
• Allison Transmission reported earnings of $2.29 per share for the quarter, exceeding estimates, with quarterly revenue slightly down by 0.2% from the previous year.
• Recent analyst ratings are mixed, with a consensus average price target of $98.38 and varying assessments, including downgrades and upgrades from different financial institutions.

Caxton Associates LLP acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,667 shares of the auto parts company's stock, valued at approximately $1,212,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vermillion Wealth Management Inc. acquired a new stake in Allison Transmission during the fourth quarter worth about $31,000. SVB Wealth LLC acquired a new stake in Allison Transmission during the first quarter worth about $33,000. WPG Advisers LLC purchased a new position in Allison Transmission during the first quarter worth about $34,000. SRH Advisors LLC boosted its stake in Allison Transmission by 95.0% during the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock worth $45,000 after buying an additional 228 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Allison Transmission by 363.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after buying an additional 392 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Down 0.1%

NYSE:ALSN traded down $0.05 during mid-day trading on Monday, hitting $88.36. The stock had a trading volume of 183,240 shares, compared to its average volume of 810,733. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. Allison Transmission Holdings, Inc. has a twelve month low of $80.39 and a twelve month high of $122.53. The stock has a 50-day simple moving average of $88.96 and a two-hundred day simple moving average of $93.94. The company has a market capitalization of $7.39 billion, a PE ratio of 10.04 and a beta of 1.02.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping 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 analysts' expectations of $811.05 million. During the same quarter last year, the company earned $2.13 earnings per share. The firm's revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on ALSN. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Raymond James Financial lowered their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. Citigroup lowered their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Bank of America increased their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Finally, The Goldman Sachs Group increased their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Two 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's stock. Based on data from MarketBeat, the stock 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.