Cetera Investment Advisers Has $2.13 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• Cetera Investment Advisers increased its stake in Allison Transmission Holdings, acquiring an additional 5,472 shares, raising its total ownership by 32.5% to 22,294 shares valued at $2.13 million.
• Analysts have issued mixed ratings for Allison Transmission, with a consensus rating of "Hold" and varying price targets ranging from $79 to $100 set by major firms like Bank of America and Robert W. Baird.
• Allison Transmission reported $2.29 EPS for the latest quarter, exceeding estimates, but revealed a slight decline in year-over-year revenue, indicating potential challenges ahead.

Cetera Investment Advisers grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 32.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,294 shares of the auto parts company's stock after purchasing an additional 5,472 shares during the period. Cetera Investment Advisers' holdings in Allison Transmission were worth $2,133,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Oak Thistle LLC acquired a new position in Allison Transmission during the first quarter worth $345,000. KLP Kapitalforvaltning AS boosted its holdings in Allison Transmission by 2.0% during the first quarter. KLP Kapitalforvaltning AS now owns 26,100 shares of the auto parts company's stock worth $2,497,000 after purchasing an additional 500 shares during the last quarter. SRH Advisors LLC boosted its holdings 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 purchasing an additional 228 shares during the last quarter. IFP Advisors Inc boosted its holdings in Allison Transmission by 333.2% during the first quarter. IFP Advisors Inc now owns 4,635 shares of the auto parts company's stock worth $444,000 after purchasing an additional 3,565 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its holdings in Allison Transmission by 21.4% during the first quarter. Impact Partnership Wealth LLC now owns 2,384 shares of the auto parts company's stock worth $228,000 after purchasing an additional 421 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the sale, the vice president owned 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded up $1.96 during mid-day trading on Tuesday, reaching $90.21. 142,817 shares of the company were exchanged, compared to its average volume of 794,417. The company's 50-day simple moving average is $93.13 and its 200-day simple moving average is $97.30. 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 market capitalization of $7.54 billion, a P/E ratio of 10.25 and a beta of 0.97. Allison Transmission Holdings, Inc. has a twelve month low of $80.39 and a twelve month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.09. The company had revenue of $814.00 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.13 EPS. As a group, research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission's payout ratio is 12.27%.

Analyst Upgrades and Downgrades

A number of analysts have commented on ALSN shares. Bank of America increased their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Citigroup cut their price target 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. Raymond James Financial cut their price target 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. Robert W. Baird cut their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.