Allison Transmission Holdings, Inc. $ALSN Shares Bought by Prudential PLC

Prudential PLC lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 19.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,972 shares of the auto parts company’s stock after buying an additional 8,487 shares during the quarter. Prudential PLC owned approximately 0.06% of Allison Transmission worth $5,032,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ALSN. IFP Advisors Inc boosted its position in Allison Transmission by 333.2% during the first quarter. IFP Advisors Inc now owns 4,635 shares of the auto parts company’s stock worth $444,000 after acquiring an additional 3,565 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in shares of Allison Transmission by 2.0% during the 1st quarter. KLP Kapitalforvaltning AS now owns 26,100 shares of the auto parts company’s stock worth $2,497,000 after purchasing an additional 500 shares during the period. Oak Thistle LLC purchased a new position in shares of Allison Transmission during the 1st quarter worth $345,000. Cetera Investment Advisers boosted its holdings in shares of Allison Transmission by 32.5% during the first quarter. Cetera Investment Advisers now owns 22,294 shares of the auto parts company’s stock worth $2,133,000 after purchasing an additional 5,472 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Allison Transmission by 1,847.8% in the first quarter. Assetmark Inc. now owns 896 shares of the auto parts company’s stock valued at $86,000 after purchasing an additional 850 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ALSN. Citigroup reduced their target price on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of 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 report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 target price on the stock. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Reduce” and an average target price of $92.00.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $84.41 on Friday. 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 company has a market cap of $7.03 billion, a PE ratio of 10.34 and a beta of 1.02. The company’s fifty day simple moving average is $83.39 and its 200-day simple moving average is $90.36. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $122.53.

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

Allison Transmission Dividend Announcement

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

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.