Public Sector Pension Investment Board Makes New Investment in Allison Transmission Holdings, Inc. $ALSN

Key Points

• The Public Sector Pension Investment Board has acquired a new stake in Allison Transmission Holdings, purchasing 82,658 shares valued at approximately $7.91 million, representing about 0.10% of the company.
• Allison Transmission recently announced a quarterly dividend of $0.27 per share, which will be paid on August 29th, resulting in an annualized dividend of $1.08 and a yield of 1.2%.
• Analysts have varied opinions on the stock, with a consensus rating of "Hold" and a target price of $98.38, as two analysts rated it as a sell while others issued hold or outperform ratings.

Public Sector Pension Investment Board bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 82,658 shares of the auto parts company's stock, valued at approximately $7,908,000. Public Sector Pension Investment Board owned 0.10% of Allison Transmission at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec raised its position in Allison Transmission by 4,877.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock worth $48,035,000 after acquiring an additional 435,587 shares in the last quarter. Federated Hermes Inc. increased its holdings 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 valued at $108,897,000 after purchasing an additional 181,568 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 146,877 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Allison Transmission by 26.4% in the first quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company's stock valued at $61,250,000 after purchasing an additional 133,635 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Allison Transmission during the fourth quarter worth about $13,550,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Morgan Stanley upped their target price on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Bank of America increased their price objective 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. Citigroup cut 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 report on Tuesday, June 24th. Finally, Raymond James Financial reduced their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of "Hold" and a consensus price target of $98.38.

Insider Buying and Selling

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the transaction, the vice president directly owned 11,924 shares of the company's stock, valued at $1,254,881.76. This trade represents a 22.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Allison Transmission Stock Up 0.1%

Shares of NYSE ALSN traded up $0.0450 during midday trading on Tuesday, reaching $88.4450. 146,204 shares of the company's stock were exchanged, compared to its average volume of 803,676. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. Allison Transmission Holdings, Inc. has a 52-week low of $80.39 and a 52-week high of $122.53. The business's fifty day moving average price is $91.78 and its two-hundred day moving average price is $96.34. The stock has a market capitalization of $7.40 billion, a PE ratio of 10.05 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $811.05 million. During the same quarter last year, the firm earned $2.13 EPS. Allison Transmission's quarterly revenue was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 20th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission's dividend payout ratio is currently 12.27%.

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.