Quantbot Technologies LP Invests $2.11 Million in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Quantbot Technologies LP has invested approximately $2.11 million in Allison Transmission Holdings, acquiring 22,089 shares of the auto parts company.
• The company reported $2.29 earnings per share for the last quarter, exceeding analysts' expectations, while their revenue was slightly down 0.2% year-over-year.
• Allison Transmission has declared a $0.27 per share quarterly dividend, with a dividend yield of 1.2%, and the next payment will occur on August 29th.

Quantbot Technologies LP bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 22,089 shares of the auto parts company's stock, valued at approximately $2,113,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vident Advisory LLC grew its stake in Allison Transmission by 1.0% in the 4th quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock valued at $1,100,000 after buying an additional 102 shares during the last quarter. Callan Family Office LLC grew its stake 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 valued at $249,000 after buying an additional 126 shares during the last quarter. KBC Group NV grew its stake in 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 buying an additional 127 shares during the last quarter. GAMMA Investing LLC grew its stake in 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 buying an additional 138 shares during the last quarter. Finally, Delta Investment Management LLC grew its stake in Allison Transmission by 3.4% in the 4th quarter. Delta Investment Management LLC now owns 4,540 shares of the auto parts company's stock valued at $491,000 after buying an additional 151 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Raymond James Financial decreased their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Morgan Stanley raised their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Bank of America raised their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $98.38.

Allison Transmission Price Performance

ALSN stock traded up $1.01 during trading on Wednesday, hitting $89.36. 124,727 shares of the stock traded hands, compared to its average volume of 804,794. Allison Transmission Holdings, Inc. has a one year low of $80.39 and a one year high of $122.53. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 10.15 and a beta of 0.97. The company has a 50 day simple moving average of $90.47 and a 200 day simple moving average of $95.35. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37.

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

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th will be paid a $0.27 dividend. The ex-dividend date of this dividend is 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 currently 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.