Ritholtz Wealth Management Grows Stock Position in Allison Transmission Holdings, Inc. $ALSN

Ritholtz Wealth Management raised its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 28,151 shares of the auto parts company’s stock after acquiring an additional 3,549 shares during the quarter. Ritholtz Wealth Management’s holdings in Allison Transmission were worth $2,674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Trust Co. of Toledo NA OH purchased a new position in shares of Allison Transmission in the second quarter worth about $28,000. SVB Wealth LLC purchased a new position in shares of Allison Transmission in the first quarter worth about $33,000. WPG Advisers LLC purchased a new position in shares of Allison Transmission in the first quarter worth about $34,000. Steph & Co. purchased a new position in shares of Allison Transmission in the second quarter worth about $41,000. Finally, SRH Advisors LLC raised its stake in shares of Allison Transmission by 95.0% in the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company’s stock worth $45,000 after purchasing an additional 228 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Allison Transmission in a research note on Wednesday, October 8th. Wall Street Zen cut Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Citigroup reduced their price objective 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. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Raymond James Financial dropped their target price on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and an average price target of $97.38.

Allison Transmission Stock Up 1.2%

Allison Transmission stock opened at $83.14 on Thursday. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 9.45 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 52 week low of $79.35 and a 52 week high of $122.53. The business’s 50-day moving average price is $86.98 and its 200 day moving average price is $92.01. 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 (NYSE:ALSN) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.Allison Transmission’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

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.