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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 111 Capital bought a new position in shares of Allison Transmission during the fourth quarter valued at approximately $599,000. Jefferies Financial Group Inc. purchased a new stake in Allison Transmission in the fourth quarter worth $901,000. Public Employees Retirement System of Ohio grew its stake in Allison Transmission by 35.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock worth $6,245,000 after purchasing an additional 14,994 shares during the period. Caisse DE Depot ET Placement DU Quebec grew 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 worth $88,919,000 after purchasing an additional 484,916 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 worth $32,875,000 after purchasing an additional 28,490 shares during the period. Institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Performance

Shares of NYSE:ALSN traded down $2.14 during midday trading on Friday, reaching $88.36. 587,907 shares of the company's stock traded hands, compared to its average volume of 861,693. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 10.04 and a beta of 1.02. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. Allison Transmission Holdings, Inc. has a one year low of $80.39 and a one year high of $122.53. The stock has a 50 day moving average of $88.96 and a 200 day moving average of $93.99.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 45.56% and a net margin of 23.81%.The company's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

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

Wall Street Analyst Weigh In

ALSN has been the topic of several recent research reports. Citigroup reduced their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. 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 note on Monday, July 21st. Bank of America upped their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. The Goldman Sachs Group increased their target price on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $98.38.

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.