Ensign Peak Advisors Inc Trims Position in Allison Transmission Holdings, Inc. $ALSN

Ensign Peak Advisors Inc trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,108 shares of the auto parts company’s stock after selling 1,247 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Allison Transmission were worth $3,240,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ALSN. Caisse DE Depot ET Placement DU Quebec boosted its stake in Allison Transmission by 109.1% during the first 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 buying an additional 484,916 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Allison Transmission by 9.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 331,614 shares of the auto parts company’s stock valued at $31,726,000 after purchasing an additional 27,384 shares during the last quarter. Signaturefd LLC raised its stake in shares of Allison Transmission by 38.7% during the second quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock worth $81,000 after acquiring an additional 238 shares in the last quarter. Arcus Capital Partners LLC bought a new stake in Allison Transmission in the second quarter worth $381,000. Finally, Pallas Capital Advisors LLC lifted its stake in shares of Allison Transmission by 146.3% in the 2nd quarter. Pallas Capital Advisors LLC now owns 10,433 shares of the auto parts company’s stock valued at $991,000 after acquiring an additional 6,197 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company initiated coverage on shares of Allison Transmission in a research note on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price objective on the stock. Citigroup cut their target price on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, Zacks Research raised 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, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Allison Transmission currently has a consensus rating of “Reduce” and a consensus price target of $92.00.

Allison Transmission Price Performance

NYSE ALSN opened at $87.85 on Wednesday. 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 $76.01 and a 52 week high of $121.81. The firm has a market capitalization of $7.31 billion, a P/E ratio of 10.77 and a beta of 1.02. The company has a 50-day moving average price of $83.35 and a 200-day moving average price of $90.09.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data 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 net margin of 22.78% and a return on equity of 41.37%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. Allison Transmission has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.24%.

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.