Allison Transmission Holdings, Inc. $ALSN Shares Sold by Foyston Gordon & Payne Inc

Key Points

• Foyston Gordon & Payne Inc reduced its stake in Allison Transmission by 33.1% in the first quarter, now holding 103,702 shares, valued at $9.92 million, which constitutes about 2.5% of its portfolio.
• Several institutional investors increased their positions in Allison Transmission, with the Public Employees Retirement System of Ohio raising its stake by 35% during the fourth quarter.
• Allison Transmission announced a quarterly dividend of $0.27 per share, representing an annualized yield of 1.2%, set to be paid on August 29th.

Foyston Gordon & Payne Inc cut its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 33.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,702 shares of the auto parts company's stock after selling 51,363 shares during the quarter. Allison Transmission accounts for approximately 2.5% of Foyston Gordon & Payne Inc's holdings, making the stock its 14th biggest position. Foyston Gordon & Payne Inc owned approximately 0.12% of Allison Transmission worth $9,921,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec raised its position in Allison Transmission by 4,877.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock worth $48,035,000 after acquiring an additional 435,587 shares in the last quarter. Federated Hermes Inc. raised its position in Allison Transmission by 19.0% in the first quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock worth $108,897,000 after acquiring an additional 181,568 shares in the last quarter. GAMMA Investing LLC raised its position in Allison Transmission by 10,402.1% in the first quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock worth $14,187,000 after acquiring an additional 146,877 shares in the last quarter. Jennison Associates LLC raised its position in Allison Transmission by 26.4% in the first quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock worth $61,250,000 after acquiring an additional 133,635 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Allison Transmission in the fourth quarter worth $13,550,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Price Performance

Shares of ALSN stock traded up $2.8620 during mid-day trading on Friday, reaching $89.3120. The stock had a trading volume of 312,063 shares, compared to its average volume of 805,182. Allison Transmission Holdings, Inc. has a 12-month low of $80.39 and a 12-month high of $122.53. The company has a market cap of $7.47 billion, a P/E ratio of 10.16 and a beta of 0.97. The business has a 50-day simple moving average of $90.90 and a 200 day simple moving average of $96.03. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data 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 return on equity of 45.56% and a net margin of 23.81%.The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 20th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is currently 12.27%.

Analysts Set New Price Targets

ALSN has been the subject of several research analyst reports. Raymond James Financial cut their price objective on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Morgan Stanley increased their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Zacks Research cut Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Finally, Citigroup cut their price objective on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Allison Transmission has an average rating of "Reduce" and a consensus 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.