Livforsakringsbolaget Skandia Omsesidigt Purchases 11,100 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Allison Transmission Holdings by 31.4%, owning a total of 46,400 shares valued at approximately $4.4 million after purchasing an additional 11,100 shares in Q2.
• Allison Transmission recently reported earnings of $2.29 per share, beating analysts' estimates, with a revenue of $814 million for the quarter, reflecting a slight year-over-year decline.
• The company announced a quarterly dividend of $0.27, equating to an annualized dividend of $1.08, and a dividend yield of 1.2%, with a low payout ratio of 12.27%.

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 31.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,400 shares of the auto parts company's stock after acquiring an additional 11,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.06% of Allison Transmission worth $4,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Allison Transmission by 7.7% during the 4th quarter. Cetera Investment Advisers now owns 16,822 shares of the auto parts company's stock worth $1,818,000 after purchasing an additional 1,209 shares during the period. State of Wyoming grew its stake in shares of Allison Transmission by 64.9% during the 4th quarter. State of Wyoming now owns 5,331 shares of the auto parts company's stock worth $576,000 after purchasing an additional 2,098 shares during the period. Vident Advisory LLC grew its stake in shares of Allison Transmission by 1.0% during the 4th 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 during the period. Williams Jones Wealth Management LLC. grew its stake in shares of Allison Transmission by 8.7% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 6,884 shares of the auto parts company's stock worth $744,000 after purchasing an additional 550 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Allison Transmission by 10.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company's stock valued at $32,875,000 after acquiring an additional 28,490 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Trading Down 0.8%

Shares of NYSE:ALSN traded down $0.71 during midday trading on Friday, hitting $88.32. The company had a trading volume of 2,225,432 shares, compared to its average volume of 833,227. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 10.04 and a beta of 1.02. The firm has a fifty day simple moving average of $88.32 and a 200 day simple moving average of $93.63.

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 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 the consensus estimate of $811.05 million. During the same quarter last year, the business posted $2.13 EPS. The company'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, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on ALSN shares. The Goldman Sachs Group lifted their target price on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Raymond James Financial decreased their price objective on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. Citigroup decreased their price target 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. Bank of America raised their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a report on Monday, June 16th. Finally, Zacks Research lowered Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Company 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.