Invesco Ltd. Has $120.80 Million Stake in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Invesco Ltd. has increased its stake in Allison Transmission Holdings, owning approximately 1.50% of the company with a position valued at $120.80 million after acquiring an additional 80,653 shares.
• Allison Transmission stock has experienced a 2.2% decline, with shares trading at $86.91, and the company has a market cap of $7.27 billion.
• The company recently announced a quarterly dividend of $0.27 per share, representing an annual yield of 1.2%.

Invesco Ltd. grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,262,619 shares of the auto parts company's stock after buying an additional 80,653 shares during the period. Invesco Ltd. owned 1.50% of Allison Transmission worth $120,795,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. lifted its position in shares of Allison Transmission by 3.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock valued at $286,683,000 after buying an additional 76,840 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of 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 valued at $108,897,000 after buying an additional 181,568 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Allison Transmission by 26.4% in the first quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock valued at $61,250,000 after buying an additional 133,635 shares during the last quarter. NewEdge Wealth LLC lifted its position in shares of Allison Transmission by 6.6% in the first quarter. NewEdge Wealth LLC now owns 509,912 shares of the auto parts company's stock valued at $48,783,000 after buying an additional 31,393 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its position in shares of Allison Transmission by 5.2% in the fourth quarter. Driehaus Capital Management LLC now owns 505,321 shares of the auto parts company's stock valued at $54,605,000 after buying an additional 24,811 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the transaction, the vice president owned 11,924 shares in the company, valued at approximately $1,254,881.76. This trade represents a 22.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Allison Transmission Price Performance

Allison Transmission stock traded up $0.1210 during mid-day trading on Tuesday, reaching $88.5210. 105,097 shares of the company were exchanged, compared to its average volume of 803,538. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The company has a fifty day simple moving average of $91.78 and a 200-day simple moving average of $96.34. 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 firm has a market cap of $7.40 billion, a PE ratio of 10.07 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same quarter last year, the company posted $2.13 EPS. The company's revenue for the quarter was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on ALSN shares. 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. Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Morgan Stanley increased their target price on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Bank of America increased their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Finally, The Goldman Sachs Group increased their target price on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" 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.