Raymond James Financial Inc. Increases Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Raymond James Financial Inc. increased its stake in Allison Transmission Holdings by 3.0%, owning 391,430 shares valued at approximately $37.4 million as of the latest SEC filing.
• Allison Transmission reported a quarterly EPS of $2.29, exceeding analysts' expectations, and its revenue reached $814 million, showing a slight year-over-year decline.
• The company declared a quarterly dividend of $0.27 per share, set to be paid on August 29th, with a current annualized payout yielding 1.2%.

Raymond James Financial Inc. lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 391,430 shares of the auto parts company's stock after purchasing an additional 11,259 shares during the quarter. Raymond James Financial Inc. owned about 0.46% of Allison Transmission worth $37,448,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Ethic Inc. raised its stake in shares of Allison Transmission by 1.3% in the first quarter. Ethic Inc. now owns 13,702 shares of the auto parts company's stock worth $1,334,000 after purchasing an additional 177 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Allison Transmission by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company's stock valued at $178,686,000 after acquiring an additional 10,208 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Allison Transmission during the first quarter valued at approximately $532,000. Cookson Peirce & Co. Inc. raised its position in Allison Transmission by 16.4% during the first quarter. Cookson Peirce & Co. Inc. now owns 12,915 shares of the auto parts company's stock valued at $1,236,000 after acquiring an additional 1,821 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Allison Transmission by 264.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,508 shares of the auto parts company's stock valued at $240,000 after acquiring an additional 1,820 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Stock Up 3.2%

Shares of ALSN opened at $89.1770 on Friday. 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 Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The stock's 50 day moving average is $90.71 and its two-hundred day moving average is $95.86. The firm has a market cap of $7.46 billion, a P/E ratio of 10.13 and a beta of 0.97.

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

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders 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%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ALSN. Morgan Stanley lifted their price target on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Raymond James Financial reduced their price target 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. Citigroup reduced their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Zacks Research lowered Allison Transmission from a "hold" rating to a "strong sell" rating in a report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target 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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