Foyston Gordon & Payne Inc Has $9.92 Million Position in Allison Transmission Holdings, Inc. $ALSN

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 lessened its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 33.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,702 shares of the auto parts company's stock after selling 51,363 shares during the period. Allison Transmission accounts for about 2.5% of Foyston Gordon & Payne Inc's investment portfolio, making the stock its 14th biggest holding. Foyston Gordon & Payne Inc owned 0.12% of Allison Transmission worth $9,921,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ALSN. Vident Advisory LLC increased its stake in shares of Allison Transmission by 1.0% during the fourth quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock valued at $1,100,000 after acquiring an additional 102 shares during the period. Callan Family Office LLC increased its stake in shares of 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 period. KBC Group NV increased its stake in shares of 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 period. GAMMA Investing LLC increased its stake in shares of Allison Transmission by 9.8% during the first quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock valued at $148,000 after acquiring an additional 138 shares during the period. Finally, Delta Investment Management LLC increased its stake in shares of Allison Transmission by 3.4% during the fourth quarter. Delta Investment Management LLC now owns 4,540 shares of the auto parts company's stock valued at $491,000 after acquiring an additional 151 shares during the period. Institutional investors own 96.90% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on ALSN. Morgan Stanley lifted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Raymond James Financial decreased their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Citigroup decreased their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $98.38.

Allison Transmission Trading Down 0.7%

NYSE ALSN traded down $0.5880 on Wednesday, hitting $87.2020. 638,444 shares of the stock were exchanged, compared to its average volume of 805,203. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 9.91 and a beta of 0.97. The company's 50-day moving average price is $91.21 and its two-hundred day moving average price is $96.22.

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 for the quarter, topping 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 firm had revenue of $814.00 million for the quarter, compared to analysts' expectations of $811.05 million. During the same period in the previous year, the company posted $2.13 EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. Research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

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

Allison Transmission 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.