Redwood Investment Management LLC Buys Shares of 13,742 Allison Transmission Holdings, Inc. $ALSN

Key Points

• Redwood Investment Management LLC purchased a new position in Allison Transmission Holdings, buying 13,742 shares valued at approximately $1.315 million during the first quarter of the year.
• Allison Transmission reported earnings of $2.29 per share for the most recent quarter, exceeding analysts' expectations, with a revenue of $814 million compared to a consensus estimate of $811 million.
• The company announced a quarterly dividend of $0.27 per share, equating to an annualized dividend of $1.08 and a yield of 1.2%, set to be paid on August 29th.

Redwood Investment Management LLC purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,742 shares of the auto parts company's stock, valued at approximately $1,315,000.

Several other hedge funds also recently modified their holdings of ALSN. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Allison Transmission by 109.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock worth $88,919,000 after purchasing an additional 484,916 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Allison Transmission by 341.3% in the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company's stock worth $27,617,000 after acquiring an additional 223,253 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Allison Transmission by 19.0% in the first quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock worth $108,897,000 after acquiring an additional 181,568 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Allison Transmission by 10,402.1% in the first quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock worth $14,187,000 after acquiring an additional 146,877 shares during the last quarter. Finally, Jennison Associates LLC boosted its position 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 worth $61,250,000 after acquiring an additional 133,635 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Down 0.5%

ALSN stock traded down $0.40 during midday trading on Friday, reaching $87.35. 822,328 shares of the company's stock traded hands, compared to its average volume of 1,029,354. The company has a market capitalization of $7.30 billion, a P/E ratio of 9.93 and a beta of 0.97. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $122.53. The business has a 50-day moving average price of $90.26 and a two-hundred day moving average price of $94.90.

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

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were 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 was Wednesday, August 20th. Allison Transmission's payout ratio is 12.27%.

Analysts Set New Price Targets

Several research firms recently issued reports on ALSN. Citigroup decreased their target price 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. Wall Street Zen cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Zacks Research cut shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Morgan Stanley raised their target price 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, Raymond James Financial decreased their target price 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. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and an average target price of $98.38.

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.