Allison Transmission Holdings, Inc. $ALSN Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lessened its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.5% in the second quarter, Holdings Channel.com reports. The firm owned 298,398 shares of the auto parts company’s stock after selling 1,492 shares during the period. Allison Transmission comprises 2.0% of Norris Perne & French LLP MI’s portfolio, making the stock its 19th largest holding. Norris Perne & French LLP MI’s holdings in Allison Transmission were worth $28,345,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ALSN. Caisse DE Depot ET Placement DU Quebec grew 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 purchasing an additional 484,916 shares in the last quarter. Jane Street Group LLC grew its position in shares of Allison Transmission by 341.3% in the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after acquiring an additional 223,253 shares in the last quarter. Millennium Management LLC grew its position in shares of Allison Transmission by 97.6% in the 1st quarter. Millennium Management LLC now owns 370,050 shares of the auto parts company’s stock worth $35,403,000 after acquiring an additional 182,799 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Allison Transmission by 19.0% in the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company’s stock worth $108,897,000 after acquiring an additional 181,568 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Allison Transmission by 10,402.1% in the 1st quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company’s stock worth $14,187,000 after acquiring an additional 146,877 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Trading Up 0.2%

Shares of NYSE ALSN opened at $85.47 on Monday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 9.71 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 12-month low of $80.39 and a 12-month high of $122.53. 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’s 50 day simple moving average is $88.09 and its 200 day simple moving average is $93.25.

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

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.27 per share. 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 payout ratio is presently 12.27%.

Analysts Set New Price Targets

ALSN has been the subject of several research reports. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. 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. Bank of America lifted their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an “underperform” rating in a research report on Monday, June 16th. Wall Street Zen lowered Allison Transmission from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Finally, Citigroup decreased their target price on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and a consensus 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.