Pallas Capital Advisors LLC Grows Stock Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Pallas Capital Advisors LLC increased its stake in Allison Transmission Holdings, Inc. by 146.3%, now owning 10,433 shares valued at approximately $991,000.
• Allison Transmission recently reported an EPS of $2.29 for the previous quarter, surpassing estimates and reflecting a net margin of 23.81%.
• The company declared a quarterly dividend of $0.27 per share, with a yield of 1.2% and a dividend payout ratio of 12.27%.

Pallas Capital Advisors LLC boosted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 146.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,433 shares of the auto parts company's stock after acquiring an additional 6,197 shares during the quarter. Pallas Capital Advisors LLC's holdings in Allison Transmission were worth $991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALSN. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Allison Transmission by 109.1% during 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 acquiring an additional 484,916 shares during the last quarter. Jane Street Group LLC lifted its holdings in Allison Transmission by 341.3% in the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock valued at $27,617,000 after acquiring an additional 223,253 shares during the period. Millennium Management LLC raised its stake in shares of Allison Transmission by 97.6% during the 1st quarter. Millennium Management LLC now owns 370,050 shares of the auto parts company's stock worth $35,403,000 after buying an additional 182,799 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Allison Transmission by 19.0% in the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock worth $108,897,000 after buying an additional 181,568 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Allison Transmission by 10,402.1% in the 1st quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock valued at $14,187,000 after acquiring an additional 146,877 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Trading Up 0.7%

ALSN traded up $0.59 during midday trading on Tuesday, hitting $88.97. The company's stock had a trading volume of 50,852 shares, compared to its average volume of 819,368. 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 firm has a market cap of $7.44 billion, a P/E ratio of 10.11 and a beta of 1.02. The firm has a 50-day moving average price of $88.28 and a two-hundred day moving average price of $93.52. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. The company had revenue of $814.00 million during the quarter, compared to analysts' expectations of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The firm's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced 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 was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Allison Transmission's payout ratio is presently 12.27%.

Analyst Ratings Changes

Several brokerages have issued reports on ALSN. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Zacks Research raised Allison Transmission from a "strong sell" rating to a "hold" rating in a research note on Friday. Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America increased their price objective on 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 reduced their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and an average target price of $98.38.

Allison Transmission 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.