13,700 Shares in Allison Transmission Holdings, Inc. $ALSN Acquired by Zurich Insurance Group Ltd FI

Key Points

• Zurich Insurance Group Ltd FI has invested approximately $1.31 million in Allison Transmission Holdings, acquiring 13,700 shares of the company.
• Recent analyst ratings have been mixed, with two analysts rating the stock as a "Buy," while others have issued "Hold" and "Sell" ratings, resulting in a consensus rating of "Reduce."
• Allison Transmission recently announced a quarterly dividend of $0.27 per share, with a dividend yield of 1.2% and a payout ratio of 12.27%.

Zurich Insurance Group Ltd FI acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,700 shares of the auto parts company's stock, valued at approximately $1,311,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. acquired a new stake in shares of Allison Transmission in the 4th quarter valued at $31,000. SVB Wealth LLC acquired a new stake in shares of Allison Transmission in the 1st quarter valued at $33,000. WPG Advisers LLC acquired a new stake in shares of Allison Transmission in the 1st quarter valued at $34,000. SRH Advisors LLC boosted its holdings in shares of Allison Transmission by 95.0% in the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after purchasing an additional 228 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted 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 purchasing an additional 392 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of research analyst reports. Citigroup reduced their target price on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Zacks Research lowered Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. The Goldman Sachs Group lifted their target price on Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Bank of America upped their target price on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a report on Monday, June 16th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $98.38.

Allison Transmission Trading Up 0.1%

Shares of NYSE ALSN traded up $0.09 during trading hours on Monday, hitting $88.50. The company's stock had a trading volume of 206,322 shares, compared to its average volume of 810,898. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. Allison Transmission Holdings, Inc. has a 12 month low of $80.39 and a 12 month high of $122.53. The business has a 50-day simple moving average of $88.96 and a 200-day simple moving average of $93.94. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 10.06 and a beta of 1.02.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data 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. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business had revenue of $814.00 million during the quarter, compared to analyst estimates of $811.05 million. During the same period last year, the business posted $2.13 earnings per share. Allison Transmission's quarterly revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, August 20th. Allison Transmission's dividend payout ratio (DPR) 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.