Steph & Co. Invests $41,000 in Allison Transmission Holdings, Inc. $ALSN

Steph & Co. purchased a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 436 shares of the auto parts company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SVB Wealth LLC bought a new position in Allison Transmission during the first quarter worth about $33,000. WPG Advisers LLC bought a new position in Allison Transmission in the 1st quarter worth approximately $34,000. SRH Advisors LLC boosted its holdings in Allison Transmission by 95.0% in 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 period. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 worth $48,000 after buying an additional 392 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Allison Transmission by 32.8% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company’s stock worth $61,000 after buying an additional 157 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN opened at $85.47 on Friday. The company has a market cap of $7.15 billion, a PE ratio of 9.71 and a beta of 1.02. 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 50-day moving average price of $88.09 and a 200-day moving average price of $93.28. Allison Transmission Holdings, Inc. has a 12-month low of $80.39 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. During the same quarter last year, the company posted $2.13 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Allison Transmission’s payout ratio is currently 12.27%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALSN. Raymond James Financial cut their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, July 21st. 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. Citigroup cut their target price on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, June 24th. Wall Street Zen lowered shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Finally, Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $98.38.

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.