Public Employees Retirement System of Ohio Grows Stake in Allison Transmission Holdings, Inc. $ALSN

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Allison Transmission Holdings, Inc. by 11.6% in the second quarter, holding approximately 0.11% of the company valued at $9.1 million.
• Allison Transmission's stock has seen fluctuating analyst ratings, with a current average rating of "Hold" and a consensus price target of $98.38.
• Allison Transmission recently declared a quarterly dividend of $0.27 per share, representing an annualized yield of 1.3%.

Public Employees Retirement System of Ohio grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 95,990 shares of the auto parts company's stock after buying an additional 9,962 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of Allison Transmission worth $9,118,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Compound Planning Inc. lifted its holdings in Allison Transmission by 5.3% in the 1st quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company's stock worth $209,000 after buying an additional 109 shares during the period. Callan Family Office LLC lifted its holdings in Allison Transmission by 5.1% in the 1st quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company's stock worth $249,000 after buying an additional 126 shares during the period. KBC Group NV lifted its stake in shares of Allison Transmission by 3.7% in the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock valued at $344,000 after purchasing an additional 127 shares during the period. GAMMA Investing LLC lifted its stake in shares of Allison Transmission by 9.8% in the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock valued at $148,000 after purchasing an additional 138 shares during the period. Finally, Islay Capital Management LLC lifted its stake in shares of Allison Transmission by 1.3% in the 1st quarter. Islay Capital Management LLC now owns 10,953 shares of the auto parts company's stock valued at $1,048,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Analysts Set New Price Targets

ALSN has been the subject of a number of analyst reports. Bank of America raised their price objective on Allison Transmission from $74.00 to $79.00 and gave the company 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 report on Friday, September 19th. Wall Street Zen lowered Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup reduced their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Finally, Raymond James Financial cut their price objective on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $98.38.

Allison Transmission Stock Performance

Shares of ALSN opened at $85.47 on Friday. The firm has a market capitalization of $7.15 billion, a P/E ratio of 9.71 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. The business has a fifty day moving average of $88.09 and a 200 day moving average of $93.26. Allison Transmission Holdings, Inc. has a one year low of $80.39 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its 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. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.Allison Transmission's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 earnings per share. 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 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.3%. Allison Transmission's payout ratio is 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.

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