Connor Clark & Lunn Investment Management Ltd. Takes Position in Allison Transmission Holdings, Inc. $ALSN

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,737 shares of the auto parts company’s stock, valued at approximately $545,000.

Other institutional investors also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Allison Transmission by 109.1% in the first 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 buying an additional 484,916 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 buying an additional 27,384 shares in the last quarter. Signaturefd LLC increased its stake in Allison Transmission by 38.7% in the 2nd quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock worth $81,000 after acquiring an additional 238 shares during the last quarter. Arcus Capital Partners LLC bought a new stake in Allison Transmission in the 2nd quarter worth approximately $381,000. Finally, Pallas Capital Advisors LLC raised its holdings in shares of Allison Transmission by 146.3% during the 2nd quarter. Pallas Capital Advisors LLC now owns 10,433 shares of the auto parts company’s stock worth $991,000 after acquiring an additional 6,197 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

ALSN stock opened at $81.31 on Thursday. The stock has a market cap of $6.77 billion, a PE ratio of 9.96 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $122.53. The company has a 50-day moving average price of $83.66 and a 200 day moving average price of $90.53. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). Allison Transmission had a return on equity of 41.37% and a net margin of 22.78%.The firm had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $779.97 million. During the same period last year, the company earned $2.27 earnings per share. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be issued 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 1.3%. Allison Transmission’s payout ratio is presently 13.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company assumed coverage on shares of Allison Transmission in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price objective for the company. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Citigroup lowered their price target on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $92.00.

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.