Martin Capital Partners LLC Invests $320,000 in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Martin Capital Partners LLC acquired a new stake in Allison Transmission Holdings, Inc., purchasing 3,370 shares valued at approximately $320,000 in the second quarter.
• Significant increases in holdings of Allison Transmission were reported by other investors, including Caisse DE Depot ET Placement DU Quebec and Jane Street Group LLC, highlighting strong institutional interest.
• Analyst ratings for Allison Transmission show a mixed outlook, with price targets ranging from $74 to $110 and an average rating classified as "Reduce."

Martin Capital Partners LLC bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,370 shares of the auto parts company's stock, valued at approximately $320,000.

Other institutional investors have also made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new position in shares of Allison Transmission during the fourth quarter worth $31,000. SVB Wealth LLC bought a new stake in shares of Allison Transmission in the first quarter worth $33,000. WPG Advisers LLC bought a new stake in shares of Allison Transmission in the first quarter worth $34,000. SRH Advisors LLC increased its stake in shares of 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 buying an additional 228 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Allison Transmission by 363.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after buying an additional 392 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ALSN. Raymond James Financial dropped their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Bank of America boosted their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Finally, Citigroup lowered their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Allison Transmission has a consensus rating of "Reduce" and an average target price of $98.38.

Allison Transmission Price Performance

ALSN stock traded down $0.46 during mid-day trading on Friday, reaching $88.57. The company's stock had a trading volume of 527,482 shares, compared to its average volume of 813,996. The stock has a market cap of $7.41 billion, a PE ratio of 10.06 and a beta of 1.02. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $122.53. The company's 50 day moving average is $88.39 and its two-hundred day moving average is $93.69.

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, beating analysts' consensus estimates of $2.20 by $0.09. The company had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. Allison Transmission's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were issued 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 1.2%. Allison Transmission's dividend payout ratio is presently 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.