Allison Transmission Holdings, Inc. $ALSN Position Boosted by Raymond James Financial Inc.

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALSN. Vident Advisory LLC lifted its holdings in shares of Allison Transmission by 1.0% during the 4th quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after acquiring an additional 102 shares during the period. Callan Family Office LLC raised its stake in Allison Transmission by 5.1% during the first quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company's stock worth $249,000 after purchasing an additional 126 shares during the period. KBC Group NV raised its stake in Allison Transmission by 3.7% during the first quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock worth $344,000 after purchasing an additional 127 shares during the period. GAMMA Investing LLC boosted its holdings 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 last quarter. Finally, Delta Investment Management LLC grew its stake in shares of Allison Transmission by 3.4% during 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 period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ALSN. Morgan Stanley lifted 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 boosted their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Citigroup dropped 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. Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Allison Transmission has a consensus rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Stock Down 1.4%

NYSE:ALSN traded down $1.26 on Thursday, reaching $87.95. The stock had a trading volume of 242,405 shares, compared to its average volume of 805,359. 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 company has a 50-day moving average of $90.42 and a 200 day moving average of $95.31. The stock has a market cap of $7.35 billion, a P/E ratio of 10.00 and a beta of 0.97. Allison Transmission Holdings, Inc. has a 12-month low of $80.39 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its 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. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same period in the previous year, the company earned $2.13 earnings per share. The company'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. On average, research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 20th. Allison Transmission's payout ratio is 12.27%.

Allison Transmission Company 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.