Park Avenue Securities LLC Takes Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Park Avenue Securities LLC acquired a new stake in Allison Transmission Holdings, buying 7,802 shares valued at approximately $741,000 during the second quarter.
• Allison Transmission reported a Q2 EPS of $2.29, surpassing estimates, with a net margin of 23.81% and a revenue of $814 million, which was slightly below prior year results.
• The company announced a quarterly dividend of $0.27 per share, reflecting an annualized dividend of $1.08 and a yield of 1.3%, with a payout ratio of 12.27%.

Park Avenue Securities LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,802 shares of the auto parts company's stock, valued at approximately $741,000.

A number of other large investors also recently made changes to their positions in the business. SVB Wealth LLC bought a new stake in shares of Allison Transmission in the 1st quarter valued at approximately $33,000. WPG Advisers LLC bought a new stake in shares of Allison Transmission in the 1st quarter valued at approximately $34,000. SRH Advisors LLC grew its stake in shares of Allison Transmission by 95.0% in the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after buying an additional 228 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Allison Transmission by 363.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after buying an additional 392 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Allison Transmission by 32.8% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock valued at $61,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Up 0.2%

ALSN opened at $85.47 on Friday. Allison Transmission Holdings, Inc. has a 1-year low of $80.39 and a 1-year high of $122.53. 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 stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 9.71 and a beta of 1.02. The business has a 50 day moving average of $88.09 and a 200-day moving average of $93.26.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $814.00 million during the quarter, compared to analysts' expectations of $811.05 million. During the same period in the prior year, the business earned $2.13 earnings per share. Allison Transmission'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. As a group, sell-side analysts anticipate 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 given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Allison Transmission's dividend payout ratio is currently 12.27%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ALSN. Citigroup lowered their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Bank of America upped their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Zacks Research raised Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Raymond James Financial decreased their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Two 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. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of "Hold" and a consensus 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.

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