Driehaus Capital Management LLC Reduces Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Driehaus Capital Management LLC reduced its stake in Allison Transmission Holdings, Inc. by 57.2%, now holding approximately $20.71 million worth of shares after selling 288,819 shares in the first quarter.
• Research firms have updated their ratings on Allison Transmission, with Zacks lowering the stock to a "strong sell" rating and Morgan Stanley increasing the target price to $100.00.
• Allison Transmission recently announced a dividend of $0.27 per share, which translates to an annualized dividend yield of 1.2% and a payout ratio of 12.27%.

Driehaus Capital Management LLC cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 57.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216,502 shares of the auto parts company's stock after selling 288,819 shares during the period. Driehaus Capital Management LLC owned approximately 0.26% of Allison Transmission worth $20,713,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Allison Transmission by 109.1% in the 1st 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. Jane Street Group LLC raised its stake in shares of Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock worth $27,617,000 after acquiring an additional 223,253 shares in the last quarter. Federated Hermes Inc. increased its stake in Allison Transmission by 19.0% during the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock valued at $108,897,000 after purchasing an additional 181,568 shares in the last quarter. GAMMA Investing LLC increased its stake in Allison Transmission by 10,402.1% during the 1st quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock valued at $14,187,000 after purchasing an additional 146,877 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Allison Transmission by 26.4% during the 1st quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock valued at $61,250,000 after purchasing an additional 133,635 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

ALSN traded up $1.33 during midday trading on Thursday, hitting $89.33. 936,213 shares of the company traded hands, compared to its average volume of 886,750. 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 has a market capitalization of $7.47 billion, a price-to-earnings ratio of 10.15 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53. The business has a 50 day simple moving average of $89.84 and a two-hundred day simple moving average of $94.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The company's revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. On average, equities 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 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. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is presently 12.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ALSN shares. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Zacks Research lowered shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. 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. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus 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.