Fuller & Thaler Asset Management Inc. Sells 22,658 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Allison Transmission by 0.9%, now owning approximately 2.63 million shares, which accounts for 1% of its portfolio.
• Allison Transmission is scheduled to pay a quarterly dividend of $0.27 on August 29th, resulting in an annualized dividend yield of 1.2%.
• Wall Street analysts have mixed opinions on Allison Transmission, with an average rating of "Hold" and a price target of $98.38, reflecting recent changes from various research firms.

Fuller & Thaler Asset Management Inc. decreased its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,630,338 shares of the auto parts company's stock after selling 22,658 shares during the quarter. Allison Transmission makes up about 1.0% of Fuller & Thaler Asset Management Inc.'s holdings, making the stock its 14th biggest position. Fuller & Thaler Asset Management Inc. owned approximately 3.12% of Allison Transmission worth $251,644,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ALSN. 111 Capital bought a new stake in shares of Allison Transmission during the 4th quarter worth $599,000. Jefferies Financial Group Inc. bought a new position in shares of Allison Transmission during the 4th quarter worth about $901,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Allison Transmission by 35.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock worth $6,245,000 after acquiring an additional 14,994 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Allison Transmission by 10.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company's stock worth $32,875,000 after purchasing an additional 28,490 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Allison Transmission by 3.7% during the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock worth $344,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded up $2.7270 during trading on Friday, reaching $89.1770. The company's stock had a trading volume of 706,329 shares, compared to its average volume of 1,036,954. Allison Transmission Holdings, Inc. has a 52 week low of $80.39 and a 52 week high of $122.53. The business's 50-day moving average price is $90.71 and its 200-day moving average price is $95.86. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The firm has a market cap of $7.46 billion, a PE ratio of 10.13 and a beta of 0.97.

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. The business had revenue of $814.00 million during the quarter, compared to analysts' expectations of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. Allison Transmission's revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission's dividend payout ratio (DPR) is currently 12.27%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Zacks Research cut shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Raymond James Financial lowered their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Bank of America lifted their price objective on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Finally, Morgan Stanley lifted their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average 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.