Deutsche Bank AG Increases Stock Position in Allison Transmission Holdings, Inc. $ALSN

Deutsche Bank AG increased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 276.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,445 shares of the auto parts company's stock after purchasing an additional 32,628 shares during the period. Deutsche Bank AG owned 0.05% of Allison Transmission worth $4,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ALSN. Transce3nd LLC bought a new stake in shares of Allison Transmission during the 4th quarter valued at $25,000. Vermillion Wealth Management Inc. bought a new stake in shares of Allison Transmission during the 4th quarter valued at $31,000. SRH Advisors LLC raised its position in shares of Allison Transmission by 95.0% during the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after purchasing an additional 228 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after purchasing an additional 392 shares during the period. Finally, Private Trust Co. NA raised its position in shares of Allison Transmission by 32.8% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock valued at $61,000 after purchasing an additional 157 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on ALSN shares. Morgan Stanley lifted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Raymond James Financial reduced 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. Citigroup reduced 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. Zacks Research cut shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Finally, The Goldman Sachs Group lifted their price objective 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 equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Allison Transmission has a consensus rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Trading Up 3.4%

Shares of ALSN stock traded up $2.9350 during trading hours on Friday, reaching $89.3850. 138,838 shares of the stock were exchanged, compared to its average volume of 804,058. Allison Transmission Holdings, Inc. has a 12-month low of $80.39 and a 12-month high of $122.53. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. The company's 50-day moving average price is $90.90 and its 200-day moving average price is $96.03. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 10.14 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.09. The firm 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%. The firm's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

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

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.