Allison Transmission Holdings, Inc. $ALSN Stake Reduced by Robotti Robert

Robotti Robert cut its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,345 shares of the auto parts company’s stock after selling 798 shares during the period. Allison Transmission accounts for approximately 1.1% of Robotti Robert’s investment portfolio, making the stock its 22nd largest holding. Robotti Robert’s holdings in Allison Transmission were worth $5,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ALSN. Trust Co. of Toledo NA OH bought a new position in shares of Allison Transmission during the second quarter worth about $28,000. SVB Wealth LLC acquired a new position in Allison Transmission during the 1st quarter valued at about $33,000. WPG Advisers LLC acquired a new position in Allison Transmission during the 1st quarter valued at about $34,000. Cullen Frost Bankers Inc. grew its position 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 worth $37,000 after purchasing an additional 373 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of Allison Transmission in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent analyst reports. Wells Fargo & Company assumed coverage on Allison Transmission in a report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price target on the stock. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Citigroup reduced their price target on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. lowered their price target on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. One 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 stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $92.00.

Allison Transmission Stock Up 0.8%

ALSN stock opened at $89.36 on Tuesday. The firm has a market cap of $7.44 billion, a PE ratio of 10.95 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $121.81. 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 firm has a 50 day simple moving average of $83.42 and a 200 day simple moving average of $89.66.

Allison Transmission (NYSE:ALSN) last posted 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). The company had revenue of $693.00 million during 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%. Allison Transmission’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. Allison Transmission has set its FY 2025 guidance at EPS. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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 issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. Allison Transmission’s dividend payout ratio is currently 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.