Freedom Investment Management Inc. Sells 287 Shares of Allison Transmission Holdings, Inc. $ALSN

Freedom Investment Management Inc. reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,104 shares of the auto parts company’s stock after selling 287 shares during the quarter. Freedom Investment Management Inc.’s holdings in Allison Transmission were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ALSN. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Allison Transmission by 109.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock worth $88,919,000 after purchasing an additional 484,916 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Allison Transmission during the second quarter valued at approximately $31,740,000. Jane Street Group LLC increased its position in shares of Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after acquiring an additional 223,253 shares in the last quarter. Millennium Management LLC increased its position in shares of Allison Transmission by 97.6% during the first quarter. Millennium Management LLC now owns 370,050 shares of the auto parts company’s stock valued at $35,403,000 after acquiring an additional 182,799 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Allison Transmission by 19.0% during the first quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company’s stock valued at $108,897,000 after acquiring an additional 181,568 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ALSN. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Raymond James Financial reduced their price target on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $97.38.

Allison Transmission Trading Down 0.5%

Shares of ALSN stock opened at $82.82 on Monday. Allison Transmission Holdings, Inc. has a 12-month low of $79.35 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 firm’s 50 day moving average is $86.05 and its 200 day moving average is $91.63. The stock has a market capitalization of $6.93 billion, a P/E ratio of 9.41 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results 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. The business had revenue of $814.00 million for 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%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. Research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

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

Allison Transmission Company 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.