Jacobs Levy Equity Management Inc. Sells 35,404 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Allison Transmission Holdings by 8.1%, selling 35,404 shares, leaving it with 401,035 shares valued at approximately $38.37 million.
• Analysts have recently issued mixed ratings on Allison Transmission, with Wall Street Zen downgrading the stock from "buy" to "hold" and others adjusting price targets down, while Goldman Sachs set a target at $90.00 with a "sell" rating.
• The company announced a quarterly dividend of $0.27 per share, resulting in an annualized yield of 1.2% and a low dividend payout ratio of 12.27%.

Jacobs Levy Equity Management Inc. decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 8.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 401,035 shares of the auto parts company's stock after selling 35,404 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.48% of Allison Transmission worth $38,367,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vident Advisory LLC raised its holdings in Allison Transmission by 1.0% in the fourth quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after purchasing an additional 102 shares in the last quarter. Compound Planning Inc. boosted its position in shares of Allison Transmission by 5.3% in the 1st quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company's stock worth $209,000 after purchasing an additional 109 shares in the last quarter. Callan Family Office LLC boosted its position in shares of Allison Transmission by 5.1% in the 1st quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company's stock worth $249,000 after purchasing an additional 126 shares in the last quarter. KBC Group NV boosted its position in shares of Allison Transmission by 3.7% in 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. Finally, GAMMA Investing LLC increased its holdings 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 in the last quarter. Institutional investors own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ALSN shares. Bank of America raised their price target on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a report on Monday, June 16th. Zacks Research downgraded Allison Transmission from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Raymond James Financial reduced their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. The Goldman Sachs Group raised their price target on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Finally, Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. 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 a consensus target price of $98.38.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded up $2.41 during trading hours on Thursday, reaching $91.00. 320,402 shares of the stock traded hands, compared to its average volume of 811,415. The company has a 50 day moving average price of $89.30 and a 200 day moving average price of $94.16. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 10.34 and a beta of 1.02. Allison Transmission Holdings, Inc. has a one year low of $80.39 and a one year high of $122.53. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37.

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

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, August 20th. Allison Transmission's payout ratio is currently 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.