Zurich Insurance Group Ltd FI Makes New Investment in Allison Transmission Holdings, Inc. $ALSN

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 bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,700 shares of the auto parts company's stock, valued at approximately $1,311,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. acquired a new stake in Allison Transmission during the 4th quarter worth $31,000. SVB Wealth LLC acquired a new stake in Allison Transmission during the 1st quarter worth $33,000. WPG Advisers LLC acquired a new stake in Allison Transmission during the 1st quarter worth $34,000. SRH Advisors LLC boosted 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 purchasing an additional 228 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Allison Transmission by 363.0% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ALSN. Zacks Research cut shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Raymond James Financial reduced their price target on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. The Goldman Sachs Group lifted their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Citigroup reduced their price target on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Finally, Bank of America lifted their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Two research 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 data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $98.38.

Allison Transmission Trading Down 2.4%

ALSN traded down $2.14 on Friday, hitting $88.36. The company had a trading volume of 587,907 shares, compared to its average volume of 861,693. The firm has a market cap of $7.39 billion, a P/E ratio of 10.04 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 1 year low of $80.39 and a 1 year high of $122.53. The company's fifty day moving average price is $88.96 and its 200 day moving average price is $93.99. 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 (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. Allison Transmission's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The business 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 was Wednesday, August 20th. Allison Transmission's payout ratio is 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.