Dynamic Technology Lab Private Ltd Purchases Shares of 10,964 Allison Transmission Holdings, Inc. $ALSN

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,964 shares of the auto parts company’s stock, valued at approximately $1,041,000.

Several other hedge funds have also modified their holdings of ALSN. Dimensional Fund Advisors LP grew its holdings in Allison Transmission by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company’s stock valued at $178,686,000 after purchasing an additional 10,208 shares during the period. AQR Capital Management LLC grew its stake in shares of Allison Transmission by 4.3% during the 1st quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company’s stock valued at $151,281,000 after buying an additional 65,826 shares during the period. Invesco Ltd. increased its holdings in shares of Allison Transmission by 6.8% during the 1st quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company’s stock worth $120,795,000 after buying an additional 80,653 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Allison Transmission by 19.0% during the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company’s stock worth $108,897,000 after buying an additional 181,568 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Allison Transmission by 3.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,081,292 shares of the auto parts company’s stock worth $102,712,000 after buying an additional 33,073 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

NYSE:ALSN opened at $84.41 on Friday. The firm has a 50-day moving average of $83.39 and a two-hundred day moving average of $90.36. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The stock has a market cap of $7.03 billion, a P/E ratio of 10.34 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN) last issued 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 company had revenue of $693.00 million during 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%.The firm’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal 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 given a dividend of $0.27 per share. 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 is currently 13.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. decreased their target price on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. 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. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Finally, 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 for the company. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average 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.