Empowered Funds LLC Boosts Stake in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Empowered Funds LLC boosted its holdings in Allison Transmission by 5.4%, owning 131,671 shares valued at approximately $12.6 million as of the latest SEC filing.
• Recent analyst reports have resulted in varying ratings for Allison Transmission, with a price target range of $74.00 to $110.00, reflecting differing outlooks on the stock's performance.
• Allison Transmission recently declared a quarterly dividend of $0.27, translating to an annualized yield of 1.2%, with a low dividend payout ratio of 12.27%.

Empowered Funds LLC grew its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,671 shares of the auto parts company's stock after buying an additional 6,761 shares during the quarter. Empowered Funds LLC owned 0.16% of Allison Transmission worth $12,597,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Vident Advisory LLC grew its holdings in Allison Transmission by 1.0% during the 4th quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock valued at $1,100,000 after purchasing an additional 102 shares during the last quarter. Compound Planning Inc. lifted its position in Allison Transmission by 5.3% during the first quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company's stock valued at $209,000 after acquiring an additional 109 shares during the last quarter. Callan Family Office LLC lifted its position in Allison Transmission by 5.1% during the first quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company's stock valued at $249,000 after acquiring an additional 126 shares during the last quarter. KBC Group NV lifted its position in Allison Transmission by 3.7% during the first quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock valued at $344,000 after acquiring an additional 127 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Allison Transmission by 9.8% in the first quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock worth $148,000 after buying an additional 138 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Price Performance

Shares of NYSE ALSN traded down $2.14 during trading on Friday, hitting $88.36. The company had a trading volume of 587,907 shares, compared to its average volume of 824,993. The stock has a fifty day simple moving average of $88.96 and a two-hundred day simple moving average of $93.94. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $122.53. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 10.04 and a beta of 1.02. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results 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. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same quarter last year, the business earned $2.13 earnings per share. The company's revenue for the quarter was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were paid 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 was Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is currently 12.27%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALSN. Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Zacks Research cut shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Raymond James Financial cut their price objective on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. Finally, Citigroup cut their price objective on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. 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.com, the company currently has a consensus rating of "Reduce" and an average 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.