Strs Ohio Purchases Shares of 17,850 Allison Transmission Holdings, Inc. $ALSN

Key Points

• Strs Ohio recently acquired a new stake in Allison Transmission Holdings, Inc., purchasing 17,850 shares valued at approximately $1.7 million.
• Institutional investors now hold 96.90% of Allison Transmission's shares, with Public Employees Retirement System of Ohio increasing its stake by 35% to 57,788 shares.
• The company's latest quarterly earnings exceeded estimates, reporting an earnings per share of $2.29 against a consensus of $2.20, despite a 0.2% decline in revenue year-over-year.

Strs Ohio acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,850 shares of the auto parts company's stock, valued at approximately $1,708,000.

A number of other institutional investors have also recently bought and sold shares of the company. Vermillion Wealth Management Inc. bought a new position in shares of Allison Transmission in the fourth quarter worth about $31,000. SVB Wealth LLC purchased a new position in Allison Transmission during the 1st quarter valued at approximately $33,000. WPG Advisers LLC bought a new stake in Allison Transmission during the 1st quarter valued at $34,000. SRH Advisors LLC grew its stake in 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 during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Allison Transmission by 363.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after buying an additional 392 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ALSN. Raymond James Financial cut their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Citigroup cut their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Bank of America lifted their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Finally, Zacks Research cut shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Price Performance

Shares of NYSE:ALSN traded down $0.71 during trading on Friday, reaching $88.32. The stock had a trading volume of 2,225,432 shares, 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 stock has a market cap of $7.39 billion, a PE ratio of 10.04 and a beta of 1.02. 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 business has a fifty day moving average price of $88.32 and a 200-day moving average price of $93.63.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping the consensus estimate 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%.Allison Transmission's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share 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 issued a $0.27 dividend. 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 payout ratio is currently 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.