Ritholtz Wealth Management Boosts Stock Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Ritholtz Wealth Management increased its stake in Allison Transmission Holdings by 14.4% during the second quarter, bringing their total shares to 28,151, valued at approximately $2.67 million.
• Allison Transmission reported earnings per share of $2.29 for the last quarter, exceeding analysts' expectations, despite a 0.2% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.27 per share, equating to an annualized yield of 1.3% and a dividend payout ratio of 12.27%.

Ritholtz Wealth Management boosted its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 14.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,151 shares of the auto parts company's stock after acquiring an additional 3,549 shares during the quarter. Ritholtz Wealth Management's holdings in Allison Transmission were worth $2,674,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ALSN. Trust Co. of Toledo NA OH purchased a new position in Allison Transmission during the 2nd quarter valued at $28,000. SVB Wealth LLC bought a new position in shares of Allison Transmission during the 1st quarter worth $33,000. WPG Advisers LLC bought a new position in shares of Allison Transmission during the 1st quarter worth $34,000. Steph & Co. bought a new position in shares of Allison Transmission during the 2nd quarter worth $41,000. Finally, SRH Advisors LLC grew its position in shares of Allison Transmission by 95.0% during the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock worth $45,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Trading Up 1.2%

Shares of NYSE ALSN opened at $83.14 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The stock has a market capitalization of $6.95 billion, a P/E ratio of 9.45 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 1-year low of $79.35 and a 1-year high of $122.53. The business has a fifty day moving average price of $86.98 and a 200 day moving average price of $92.01.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data 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 firm 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%.The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a $0.27 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. Allison Transmission's dividend payout ratio (DPR) is 12.27%.

Analyst Ratings Changes

ALSN has been the topic of a number of recent research reports. Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Weiss Ratings reissued a "buy (b-)" rating on shares of Allison Transmission in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on Allison Transmission from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday. Raymond James Financial dropped their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Finally, Zacks Research raised Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $97.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.