R Squared Ltd Acquires Shares of 3,601 Allison Transmission Holdings, Inc. $ALSN

R Squared Ltd acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,601 shares of the auto parts company’s stock, valued at approximately $342,000.

Other large investors have also bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in Allison Transmission by 109.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock valued at $88,919,000 after acquiring an additional 484,916 shares in the last quarter. KBC Group NV lifted its stake in Allison Transmission by 3.7% during the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company’s stock valued at $344,000 after acquiring an additional 127 shares in the last quarter. Private Trust Co. NA lifted its stake in Allison Transmission by 32.8% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 157 shares in the last quarter. Kendall Capital Management lifted its stake in Allison Transmission by 32.5% during the 1st quarter. Kendall Capital Management now owns 13,160 shares of the auto parts company’s stock valued at $1,259,000 after acquiring an additional 3,230 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Allison Transmission by 9.8% during the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company’s stock valued at $148,000 after acquiring an additional 138 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. 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 report on Monday, July 21st. JPMorgan Chase & Co. decreased their target price on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Zacks Research raised 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, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.38.

Allison Transmission Trading Down 0.5%

Shares of ALSN opened at $82.82 on Friday. The business has a 50-day moving average of $86.05 and a 200 day moving average of $91.58. Allison Transmission Holdings, Inc. has a fifty-two week low of $79.35 and a fifty-two week high of $122.53. The firm has a market cap of $6.93 billion, a P/E ratio of 9.41 and a beta of 1.01. 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 (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, topping the consensus estimate of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $811.05 million. During the same quarter last year, the firm posted $2.13 EPS. The firm’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, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The company 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. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.3%. Allison Transmission’s dividend payout ratio (DPR) 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.