Allison Transmission Holdings, Inc. $ALSN Position Raised by Inspire Investing LLC

Key Points

• Inspire Investing LLC increased its stake in Allison Transmission Holdings by 85.2% in the first quarter, holding a total of 6,854 shares valued at $656,000.
• Allison Transmission received mixed ratings from analysts, with Zacks lowering their rating to a "strong sell", while Goldman Sachs raised their target price to $90.00 with a "sell" rating.
• The company reported an earnings per share (EPS) of $2.29 for the last quarter, exceeding expectations, despite a 0.2% decline in revenue year-over-year.

Inspire Investing LLC raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 85.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,854 shares of the auto parts company's stock after purchasing an additional 3,153 shares during the period. Inspire Investing LLC's holdings in Allison Transmission were worth $656,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALSN. Vermillion Wealth Management Inc. purchased a new position in shares of Allison Transmission during the 4th quarter worth about $31,000. SVB Wealth LLC purchased a new position in shares of Allison Transmission during the 1st quarter worth about $33,000. WPG Advisers LLC purchased a new position in shares of Allison Transmission during the 1st quarter worth about $34,000. SRH Advisors LLC lifted its holdings in shares of 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 acquiring an additional 228 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 acquiring an additional 392 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ALSN shares. Bank of America increased their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Zacks Research downgraded shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Citigroup lowered their price objective on shares of 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 research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Stock Up 2.3%

Shares of ALSN stock traded up $2.03 during mid-day trading on Thursday, reaching $89.35. 186,103 shares of the company were exchanged, compared to its average volume of 812,610. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $122.53. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. The company has a market capitalization of $7.47 billion, a P/E ratio of 10.16 and a beta of 1.02. The business's 50 day simple moving average is $88.52 and its 200 day simple moving average is $93.75.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share (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 analysts' expectations of $811.05 million. During the same period last year, the business posted $2.13 earnings per share. The firm's revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 annualized dividend and a 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.