Americana Partners LLC Has $678,000 Stock Position in Allison Transmission Holdings, Inc. $ALSN

Americana Partners LLC trimmed its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,135 shares of the auto parts company’s stock after selling 708 shares during the quarter. Americana Partners LLC’s holdings in Allison Transmission were worth $678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Xponance Inc. grew its holdings in shares of Allison Transmission by 7.2% in the 1st quarter. Xponance Inc. now owns 4,585 shares of the auto parts company’s stock valued at $439,000 after buying an additional 309 shares during the period. CWM LLC raised its holdings in shares of Allison Transmission by 14.2% in the first quarter. CWM LLC now owns 12,765 shares of the auto parts company’s stock valued at $1,221,000 after purchasing an additional 1,590 shares during the last quarter. Parcion Private Wealth LLC boosted its stake in shares of Allison Transmission by 2.9% during the 1st quarter. Parcion Private Wealth LLC now owns 61,050 shares of the auto parts company’s stock worth $5,841,000 after buying an additional 1,742 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Allison Transmission by 171.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 6,127 shares of the auto parts company’s stock worth $586,000 after purchasing an additional 3,869 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in Allison Transmission by 26.4% in the first quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company’s stock valued at $61,250,000 after acquiring an additional 133,635 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $82.03 on Wednesday. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year 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 business has a 50-day moving average price of $84.61 and a two-hundred day moving average price of $91.03. The company has a market cap of $6.83 billion, a P/E ratio of 10.05 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The business had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a return on equity of 41.37% and a net margin of 22.78%.Allison Transmission’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.27 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. Allison Transmission’s dividend payout ratio (DPR) is 13.24%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James Financial reduced their target price on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Citigroup dropped their target price on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $93.00.

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.