Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Allison Transmission Holdings by 31.4%, acquiring a total of 46,400 shares valued at approximately $4.4 million.
• Allison Transmission reported an EPS of $2.29 for the last quarter, exceeding analysts' expectations of $2.20, with revenues of $814 million.
• The company also announced a quarterly dividend of $0.27, resulting in an annualized dividend yield of 1.2% and a payout ratio of 12.27%.

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

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Allison Transmission by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company's stock worth $178,686,000 after purchasing an additional 10,208 shares during the last quarter. AQR Capital Management LLC boosted its position in Allison Transmission by 4.3% in the first quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company's stock worth $151,281,000 after purchasing an additional 65,826 shares during the last quarter. Invesco Ltd. boosted its position in Allison Transmission by 6.8% in the first quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company's stock worth $120,795,000 after purchasing an additional 80,653 shares during the last quarter. Federated Hermes Inc. boosted its position in 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 worth $108,897,000 after purchasing an additional 181,568 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Allison Transmission by 109.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock worth $88,919,000 after purchasing an additional 484,916 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Stock Performance

Shares of NYSE:ALSN traded down $0.16 during midday trading on Tuesday, reaching $88.22. 219,806 shares of the company traded hands, compared to its average volume of 820,434. 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 Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 10.03 and a beta of 1.02. The firm's fifty day moving average price is $88.28 and its two-hundred day moving average price is $93.52.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data 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. 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 period in the previous year, the company posted $2.13 EPS. 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. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ALSN. Citigroup lowered 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. Zacks Research upgraded Allison Transmission from a "strong sell" rating to a "hold" rating in a research note on Friday. Bank of America boosted their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Raymond James Financial lowered their target price 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. Finally, Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.