Allison Transmission Holdings, Inc. $ALSN Shares Bought by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group raised its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,410 shares of the auto parts company’s stock after acquiring an additional 1,268 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Allison Transmission were worth $989,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in shares of Allison Transmission during the 2nd quarter worth approximately $28,000. SVB Wealth LLC acquired a new position in Allison Transmission in the 1st quarter valued at $33,000. WPG Advisers LLC acquired a new position in Allison Transmission in the 1st quarter valued at $34,000. Cullen Frost Bankers Inc. raised its stake in Allison Transmission by 3,108.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 373 shares during the last quarter. Finally, Steph & Co. acquired a new position in Allison Transmission in the 2nd quarter valued at $41,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

NYSE ALSN opened at $82.23 on Thursday. The stock has a market cap of $6.88 billion, a PE ratio of 9.34 and a beta of 1.01. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. Allison Transmission Holdings, Inc. has a twelve month low of $79.35 and a twelve month high of $122.53. The stock has a fifty day simple moving average of $86.25 and a 200-day simple moving average of $91.59.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $811.05 million. During the same period last year, the business posted $2.13 EPS. Allison Transmission’s revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Equities 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 was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, August 20th. Allison Transmission’s dividend payout ratio (DPR) is 12.27%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ALSN shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Allison Transmission in a research note on Wednesday, October 8th. Raymond James Financial reduced their price objective 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. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. dropped their target price on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $97.38.

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.