Allison Transmission Holdings, Inc. $ALSN Shares Sold by Salem Investment Counselors Inc.

Key Points

• Salem Investment Counselors Inc. reduced its stake in Allison Transmission Holdings by 40.1%, selling 22,840 shares in the second quarter, leaving the firm with a total of 34,052 shares valued at approximately $3.24 million.
• Despite Salem's reduction, several institutional investors have increased their stakes in Allison Transmission, with Caisse DE Depot ET Placement DU Quebec raising its holdings by 109.1% to 929,434 shares.
• Wall Street analysts have mixed ratings on Allison Transmission, with two rating it as a Buy, four as Hold, and three as Sell, leading to an average price target of $98.38.

Salem Investment Counselors Inc. cut its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 40.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,052 shares of the auto parts company's stock after selling 22,840 shares during the period. Salem Investment Counselors Inc.'s holdings in Allison Transmission were worth $3,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. 111 Capital bought a new stake in Allison Transmission during the 4th quarter valued at $599,000. Jefferies Financial Group Inc. purchased a new stake in Allison Transmission in the fourth quarter worth approximately $901,000. Public Employees Retirement System of Ohio boosted its stake in shares of Allison Transmission by 35.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock worth $6,245,000 after acquiring an additional 14,994 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted 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 valued at $88,919,000 after buying an additional 484,916 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Allison Transmission by 10.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company's stock worth $32,875,000 after buying an additional 28,490 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Down 0.6%

Shares of NYSE:ALSN traded down $0.54 during trading on Friday, hitting $88.50. The stock had a trading volume of 460,722 shares, compared to its average volume of 813,576. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $7.40 billion, a PE ratio of 10.06 and a beta of 1.02. The firm's fifty day moving average is $88.39 and its 200 day moving average is $93.69. 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 released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million for 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 company's revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. Analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.2%. Allison Transmission's dividend payout ratio is 12.27%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Citigroup lowered their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America upped their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Finally, Raymond James Financial cut their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average 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.