Verdence Capital Advisors LLC Boosts Position in Allison Transmission Holdings, Inc. $ALSN

Verdence Capital Advisors LLC increased its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,258 shares of the auto parts company’s stock after buying an additional 131 shares during the period. Verdence Capital Advisors LLC’s holdings in Allison Transmission were worth $594,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH purchased a new position in Allison Transmission during the 2nd quarter valued at about $28,000. SVB Wealth LLC purchased a new position in Allison Transmission during the 1st quarter valued at about $33,000. WPG Advisers LLC purchased a new position in Allison Transmission during the 1st quarter valued at about $34,000. Steph & Co. purchased a new position in Allison Transmission during the 2nd quarter valued at about $41,000. Finally, SRH Advisors LLC increased its position in Allison Transmission by 95.0% during the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company’s stock valued at $45,000 after purchasing an additional 228 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 1.9%

ALSN stock opened at $82.23 on Wednesday. The firm has a 50 day moving average of $87.08 and a 200 day moving average of $92.07. The stock has a market capitalization of $6.88 billion, a PE ratio of 9.34 and a beta of 1.01. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. Allison Transmission Holdings, Inc. has a 52 week low of $79.35 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations 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 for the quarter was down .2% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were paid a $0.27 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. Allison Transmission’s dividend payout ratio (DPR) is 12.27%.

Wall Street Analyst Weigh In

A number of research analysts have commented on ALSN shares. Wall Street Zen downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Raymond James Financial cut their target price on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, July 21st. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Citigroup cut their price objective on shares of Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Allison Transmission in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $97.38.

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.