State of New Jersey Common Pension Fund D Trims Stock Position in Allison Transmission Holdings, Inc. $ALSN

State of New Jersey Common Pension Fund D cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,333 shares of the auto parts company’s stock after selling 779 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Allison Transmission were worth $2,806,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Transce3nd LLC acquired a new stake in shares of Allison Transmission during the fourth quarter valued at about $25,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Allison Transmission during the fourth quarter valued at about $31,000. SRH Advisors LLC increased its position in shares of Allison Transmission by 95.0% during the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company’s stock valued at $45,000 after acquiring an additional 228 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 valued at $48,000 after acquiring an additional 392 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new stake in shares of Allison Transmission during the fourth quarter valued at about $65,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Trading Down 0.7%

Shares of ALSN stock opened at $87.2020 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. The stock has a market capitalization of $7.29 billion, a P/E ratio of 9.91 and a beta of 0.97. The company has a 50 day moving average price of $91.21 and a 200 day moving average price of $96.22. Allison Transmission Holdings, Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $811.05 million. During the same quarter in the previous year, the business posted $2.13 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 20th. Allison Transmission’s payout ratio is 12.27%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Raymond James Financial dropped their price target on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Citigroup dropped their price target on shares of Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. Bank of America lifted their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a research report on Monday, June 16th. Morgan Stanley lifted their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and a consensus 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.