Voya Investment Management LLC Cuts Holdings in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Voya Investment Management LLC reduced its holdings in Allison Transmission by 29.3%, selling 38,357 shares, and now owns 92,738 shares valued at approximately $8.87 million.
• Allison Transmission's latest quarterly earnings exceeded analysts' estimates, reporting $2.29 EPS and $814 million in revenue, despite a slight decline in revenue from the previous year.
• Several analysts have recently downgraded Allison Transmission's stock rating, with Zacks Research lowering it to a "strong sell", while Bank of America raised the price target but maintained an "underperform" rating.

Voya Investment Management LLC cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 29.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,738 shares of the auto parts company's stock after selling 38,357 shares during the period. Voya Investment Management LLC owned approximately 0.11% of Allison Transmission worth $8,872,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ALSN. Vermillion Wealth Management Inc. acquired a new stake in Allison Transmission during the fourth quarter worth about $31,000. SVB Wealth LLC purchased a new position in Allison Transmission during the first quarter worth approximately $33,000. WPG Advisers LLC purchased a new position in Allison Transmission during the first quarter worth approximately $34,000. SRH Advisors LLC boosted its position in Allison Transmission by 95.0% during the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock worth $45,000 after purchasing an additional 228 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Allison Transmission by 363.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after purchasing an additional 392 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded down $0.71 on Friday, hitting $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 52-week low of $80.39 and a 52-week high of $122.53. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 10.04 and a beta of 1.02. The company's 50 day moving average price is $88.32 and its 200 day moving average price is $93.63.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its 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. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The business had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. During the same period in the previous year, the business earned $2.13 EPS. The business's quarterly revenue was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.27 per share. 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 currently 12.27%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALSN. Zacks Research downgraded Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Wall Street Zen downgraded Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America raised their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Raymond James Financial cut their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Monday, July 21st. Finally, The Goldman Sachs Group raised their target price on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Allison Transmission currently has an average rating of "Reduce" and an average target price of $98.38.

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.