Lecap Asset Management Ltd. Grows Stock Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Lecap Asset Management Ltd. increased its stake in Allison Transmission Holdings by 292.0% during the 2nd quarter, acquiring a total of 12,572 shares valued at $1,194,000.
• Allison Transmission reported $2.29 earnings per share for the last quarter, surpassing analysts' expectations of $2.20, with a revenue of $814 million.
• The company declared a quarterly dividend of $0.27, representing an annual yield of 1.3%, with a low dividend payout ratio of 12.27%.

Lecap Asset Management Ltd. boosted its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 292.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,572 shares of the auto parts company's stock after buying an additional 9,365 shares during the period. Lecap Asset Management Ltd.'s holdings in Allison Transmission were worth $1,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SVB Wealth LLC purchased a new stake in Allison Transmission in the first quarter worth $33,000. WPG Advisers LLC purchased a new stake in Allison Transmission in the first quarter worth $34,000. Steph & Co. purchased a new stake in Allison Transmission in the second quarter worth $41,000. SRH Advisors LLC increased its stake in Allison Transmission by 95.0% in the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock worth $45,000 after purchasing an additional 228 shares during the period. Finally, Private Trust Co. NA increased its stake in Allison Transmission by 32.8% in the first 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 during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Price Performance

Shares of ALSN stock opened at $85.90 on Thursday. Allison Transmission Holdings, Inc. has a 1-year low of $80.39 and a 1-year high of $122.53. The stock's 50-day moving average is $87.99 and its 200 day moving average is $93.06. The company has a market cap of $7.18 billion, a P/E ratio of 9.76 and a beta of 1.01. 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 (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $811.05 million. During the same quarter last year, the company earned $2.13 earnings per share. The firm'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. Research analysts predict 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 was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a $0.27 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. Allison Transmission's dividend payout ratio (DPR) is 12.27%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALSN. Citigroup reduced their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Raymond James Financial dropped their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Bank of America increased their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Zacks Research raised Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $98.38.

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.

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