Copeland Capital Management LLC Sells 189,293 Shares of Allison Transmission Holdings, Inc. $ALSN

Copeland Capital Management LLC reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 99.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,628 shares of the auto parts company’s stock after selling 189,293 shares during the period. Copeland Capital Management LLC’s holdings in Allison Transmission were worth $155,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ALSN. Caisse DE Depot ET Placement DU Quebec lifted its position in Allison Transmission by 109.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock valued at $88,919,000 after acquiring an additional 484,916 shares during the last quarter. KBC Group NV lifted its position in Allison Transmission by 3.7% during the first quarter. KBC Group NV now owns 3,596 shares of the auto parts company’s stock valued at $344,000 after acquiring an additional 127 shares during the last quarter. Private Trust Co. NA lifted its position in Allison Transmission by 32.8% during the first quarter. Private Trust Co. NA now owns 636 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 157 shares during the last quarter. Merit Financial Group LLC lifted its position in Allison Transmission by 120.3% during the first quarter. Merit Financial Group LLC now owns 5,300 shares of the auto parts company’s stock valued at $507,000 after acquiring an additional 2,894 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Allison Transmission by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 75,793 shares of the auto parts company’s stock valued at $7,251,000 after acquiring an additional 2,793 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Down 0.0%

ALSN stock opened at $86.52 on Friday. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. Allison Transmission Holdings, Inc. has a 52 week low of $80.39 and a 52 week high of $122.53. The firm has a 50 day moving average of $87.90 and a 200 day moving average of $92.91. The stock has a market capitalization of $7.23 billion, a PE ratio of 9.83 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $811.05 million. During the same period in the previous year, the business posted $2.13 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. Sell-side analysts forecast 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 was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, August 20th. Allison Transmission’s payout ratio is presently 12.27%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Raymond James Financial decreased their target price on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Bank of America increased their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a research report on Monday, June 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Allison Transmission in a research note on Saturday, September 27th. Citigroup lowered their target price on shares of Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, June 24th. Finally, Wall Street Zen cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.38.

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.