Magnetar Financial LLC Grows Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Magnetar Financial LLC increased its holdings in Allison Transmission Holdings, Inc. by 212.3% in the 1st quarter, acquiring a total of 21,363 shares valued at approximately $2.04 million.
• Analysts have mixed ratings for Allison Transmission, with a recent consensus rating of "Reduce" and an average target price of $98.38, reflecting some downgrades from firms like Raymond James and Citigroup.
• Allison Transmission announced a quarterly dividend of $0.27 per share, representing an annualized dividend yield of 1.2%.

Magnetar Financial LLC increased its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 212.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,363 shares of the auto parts company's stock after acquiring an additional 14,523 shares during the quarter. Magnetar Financial LLC's holdings in Allison Transmission were worth $2,044,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. WPG Advisers LLC acquired a new position in shares of Allison Transmission in the 1st quarter valued at $34,000. Ieq Capital LLC increased its stake in Allison Transmission by 20.3% in the 1st quarter. Ieq Capital LLC now owns 10,475 shares of the auto parts company's stock valued at $1,002,000 after buying an additional 1,769 shares during the period. Redwood Investment Management LLC acquired a new position in Allison Transmission in the 1st quarter valued at $1,315,000. FORA Capital LLC increased its stake in Allison Transmission by 42.7% in the 1st quarter. FORA Capital LLC now owns 6,172 shares of the auto parts company's stock valued at $590,000 after buying an additional 1,846 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Allison Transmission by 109.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock valued at $88,919,000 after buying an additional 484,916 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ALSN shares. Raymond James Financial decreased their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Zacks Research lowered shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Citigroup decreased their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Finally, Bank of America boosted their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded up $0.61 on Thursday, hitting $88.61. The company's stock had a trading volume of 215,419 shares, compared to its average volume of 811,596. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week 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. The firm has a fifty day moving average price of $89.93 and a 200-day moving average price of $94.64. The company has a market capitalization of $7.41 billion, a P/E ratio of 10.07 and a beta of 1.02.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business 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 firm earned $2.13 EPS. The business'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 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 announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, August 20th. Allison Transmission's dividend payout ratio is 12.27%.

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.