Allison Transmission Holdings, Inc. $ALSN Shares Sold by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC reduced its stake in Allison Transmission Holdings, Inc. by 8.5%, now owning 88,266 shares valued at approximately $8.38 million.
• Several institutional investors, including Dimensional Fund Advisors and AQR Capital Management, have increased their positions in Allison Transmission, reflecting growing institutional interest.
• Allison Transmission recently reported better-than-expected earnings of $2.29 per share, surpassing analysts' estimates and with a revenue of $814 million for the quarter.

Reinhart Partners LLC. decreased its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 8.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,266 shares of the auto parts company's stock after selling 8,232 shares during the quarter. Reinhart Partners LLC. owned approximately 0.10% of Allison Transmission worth $8,384,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Allison Transmission by 0.5% in 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 purchasing an additional 10,208 shares during the period. AQR Capital Management LLC increased its stake in shares of Allison Transmission by 4.3% during the first quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company's stock valued at $151,281,000 after buying an additional 65,826 shares during the period. Invesco Ltd. raised its holdings in shares of Allison Transmission by 6.8% in the first quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company's stock valued at $120,795,000 after acquiring an additional 80,653 shares in the last quarter. Federated Hermes Inc. lifted its stake in 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 period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in 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 acquiring an additional 484,916 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALSN has been the subject of several research reports. The Goldman Sachs Group upped 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. Raymond James Financial cut their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Bank of America raised their price objective on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research report on Monday, June 16th. Citigroup cut their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $98.38.

Allison Transmission Stock Performance

NYSE ALSN traded down $0.71 during mid-day trading on Friday, reaching $88.32. 2,225,432 shares of the stock were exchanged, compared to its average volume of 833,227. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. The company has a market capitalization of $7.39 billion, a P/E ratio of 10.04 and a beta of 1.02. The business's 50 day moving average is $88.32 and its 200-day moving average is $93.61.

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

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) is presently 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.