Northern Trust Corp Grows Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Northern Trust Corp increased its stake in Allison Transmission Holdings, now holding approximately 0.64% of the company, with a value of $51.90 million.
• Allison Transmission reported $2.29 EPS for the last quarter, surpassing estimates and signaling a year-over-year revenue decline of 0.2%.
• The company declared a quarterly dividend of $0.27 per share, representing a 1.2% yield and a payout ratio of 12.27%.

Northern Trust Corp raised its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,447 shares of the auto parts company's stock after purchasing an additional 11,636 shares during the quarter. Northern Trust Corp owned 0.64% of Allison Transmission worth $51,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ALSN. Raymond James Financial Inc. grew its stake in shares of Allison Transmission by 3.0% during the 1st quarter. Raymond James Financial Inc. now owns 391,430 shares of the auto parts company's stock worth $37,448,000 after acquiring an additional 11,259 shares during the period. Ethic Inc. grew its stake in shares of Allison Transmission by 1.3% during the 1st quarter. Ethic Inc. now owns 13,702 shares of the auto parts company's stock worth $1,334,000 after acquiring an additional 177 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Allison Transmission by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company's stock worth $178,686,000 after acquiring an additional 10,208 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Allison Transmission during the 1st quarter worth $532,000. Finally, Cookson Peirce & Co. Inc. grew its stake in shares of Allison Transmission by 16.4% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 12,915 shares of the auto parts company's stock worth $1,236,000 after acquiring an additional 1,821 shares during the period. Institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Raymond James Financial cut their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. Zacks Research downgraded Allison Transmission from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. The Goldman Sachs Group increased their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Finally, Morgan Stanley increased their price objective on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. 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

Shares of NYSE:ALSN traded up $0.44 on Tuesday, hitting $87.75. The company's stock had a trading volume of 1,307,183 shares, compared to its average volume of 940,912. The company has a 50-day simple moving average of $90.04 and a 200 day simple moving average of $94.69. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53. The company has a market capitalization of $7.34 billion, a PE ratio of 9.97 and a beta of 1.02. 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 released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share 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 analysts' expectations of $811.05 million. During the same quarter last year, the firm posted $2.13 EPS. The company's revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS 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 issued a $0.27 dividend. 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 dividend payout ratio (DPR) 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.