Allison Transmission Holdings, Inc. $ALSN Shares Sold by Fuller & Thaler Asset Management Inc.

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new stake in Allison Transmission during the 4th quarter worth about $25,000. Vermillion Wealth Management Inc. purchased a new stake in Allison Transmission during the 4th quarter worth about $31,000. SRH Advisors LLC increased its position in Allison Transmission by 95.0% during the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock worth $45,000 after purchasing an additional 228 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after purchasing an additional 392 shares in the last quarter. Finally, Private Trust Co. NA increased its position in Allison Transmission by 32.8% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock worth $61,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on ALSN shares. Citigroup lowered their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Zacks Research cut Allison Transmission from a "hold" rating to a "strong sell" rating in a report on Tuesday. Raymond James Financial decreased 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. Morgan Stanley boosted their target price on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group boosted 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 research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Stock Up 3.2%

Allison Transmission stock traded up $2.7270 during midday trading on Friday, hitting $89.1770. 706,329 shares of the company were exchanged, compared to its average volume of 807,777. The company's fifty day moving average price is $90.90 and its 200-day moving average price is $96.03. The company has a market cap of $7.46 billion, a PE ratio of 10.13 and a beta of 0.97. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same period in the previous year, the company posted $2.13 EPS. Allison Transmission's revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

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

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.