3,180 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d investimento inc. acquired a new stake in Allison Transmission Holdings, purchasing 3,180 shares valued at approximately $302,000 in the 2nd quarter.
• Analysts have set a consensus target price of $98.38 for Allison Transmission, with various ratings ranging from "Buy" to "Sell," indicating differing views on the stock's outlook.
• Allison Transmission recently declared a quarterly dividend of $0.27 per share, which contributes to an annualized yield of 1.2% for shareholders.

Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,180 shares of the auto parts company's stock, valued at approximately $302,000.

Several other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Allison Transmission by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company's stock worth $178,686,000 after purchasing an additional 10,208 shares in the last quarter. AQR Capital Management LLC grew its holdings in Allison Transmission by 4.3% during the 1st quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company's stock valued at $151,281,000 after buying an additional 65,826 shares in the last quarter. Invesco Ltd. grew its holdings in Allison Transmission by 6.8% during the 1st quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company's stock valued at $120,795,000 after buying an additional 80,653 shares in the last quarter. Federated Hermes Inc. grew its holdings 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 buying an additional 181,568 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Allison Transmission by 109.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock valued at $88,919,000 after buying an additional 484,916 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded down $0.71 during mid-day trading on Friday, reaching $88.32. 2,225,432 shares of the stock traded hands, compared to its average volume of 833,227. The business has a 50-day moving average of $88.32 and a 200 day moving average of $93.61. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $122.53. The stock has a market capitalization of $7.39 billion, a PE 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 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The business had revenue of $814.00 million during the quarter, compared to analysts' expectations of $811.05 million. During the same quarter in the prior year, the firm earned $2.13 earnings per share. The business's revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. On average, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were issued 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 Analyst Weigh In

Several equities analysts have weighed in on ALSN shares. Bank of America raised their price target on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a report on Monday, June 16th. Citigroup dropped their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Raymond James Financial dropped their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, The Goldman Sachs Group lifted their target price on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target 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.