VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 334,142 Allison Transmission Holdings, Inc. $ALSN

Key Points

• Virginia Retirement Systems ET Al acquired 334,142 shares of Allison Transmission Holdings, Inc. valued at approximately $31.7 million, representing about 0.40% ownership.
• The company reported $2.29 EPS for the last quarter, surpassing estimates, with a net margin of 23.81%.
• Analysts have mixed ratings on the stock, with a consensus average rating of "Hold" and a price target of $97.38.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 334,142 shares of the auto parts company's stock, valued at approximately $31,740,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.40% of Allison Transmission as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new stake in Allison Transmission in the 2nd quarter worth approximately $28,000. SVB Wealth LLC purchased a new stake in Allison Transmission during the first quarter worth $33,000. WPG Advisers LLC acquired a new stake in Allison Transmission during the first quarter valued at $34,000. Steph & Co. purchased a new position in Allison Transmission in the second quarter valued at $41,000. Finally, SRH Advisors LLC increased its holdings in Allison Transmission by 95.0% in the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after buying an additional 228 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $80.80 on Monday. 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 business has a 50 day simple moving average of $86.73 and a two-hundred day simple moving average of $91.76. The stock has a market capitalization of $6.76 billion, a P/E ratio of 9.18 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 12 month low of $79.35 and a 12 month high of $122.53.

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

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Allison Transmission's dividend payout ratio is currently 12.27%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ALSN shares. Citigroup lowered 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 note on Tuesday, June 24th. Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Raymond James Financial cut their price objective on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Allison Transmission in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Allison Transmission from a "strong sell" rating to a "hold" rating in a research note on Friday, September 19th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Allison Transmission has an average rating of "Hold" and an average price target of $97.38.

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.

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