Wealth Enhancement Advisory Services LLC Raises Position in Allison Transmission Holdings, Inc. $ALSN

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Allison Transmission Holdings, Inc. by 64.4%, owning 25,718 shares valued at approximately $2.52 million.
• A majority of institutional investors hold 96.90% of Allison Transmission's stock, indicating strong institutional interest.
• Analyst ratings for Allison Transmission vary, with two analysts recommending a Buy, five a Hold, and two a Sell, reflecting mixed sentiment in the market.

Wealth Enhancement Advisory Services LLC increased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 64.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,718 shares of the auto parts company's stock after acquiring an additional 10,075 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Allison Transmission were worth $2,519,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALSN. SVB Wealth LLC bought a new stake in shares of Allison Transmission in the 1st quarter valued at approximately $33,000. WPG Advisers LLC acquired a new position in Allison Transmission during the 1st quarter valued at approximately $34,000. SRH Advisors LLC raised its position 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. MassMutual Private Wealth & Trust FSB grew its holdings in Allison Transmission by 363.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after purchasing an additional 392 shares during the period. Finally, Private Trust Co. NA boosted its position in Allison Transmission by 32.8% during the first quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock worth $61,000 after acquiring an additional 157 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Zacks Research raised Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Citigroup dropped their price objective 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 lowered Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Raymond James Financial decreased 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, Bank of America lifted their price target on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Two 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 company. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and a consensus price target of $98.38.

Allison Transmission Stock Up 0.2%

ALSN stock opened at $85.47 on Friday. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 9.71 and a beta of 1.02. The firm's 50-day moving average is $88.09 and its two-hundred day moving average is $93.26. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. Allison Transmission Holdings, Inc. has a 52 week low of $80.39 and a 52 week 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the company earned $2.13 earnings per share. Allison Transmission's quarterly revenue was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. On average, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were given a dividend of $0.27 per share. 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 payout ratio is presently 12.27%.

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.