Laurel Wealth Advisors LLC Acquires 1,034 Shares of Allison Transmission Holdings, Inc. $ALSN

Laurel Wealth Advisors LLC boosted its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 9,400.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,045 shares of the auto parts company’s stock after purchasing an additional 1,034 shares during the period. Laurel Wealth Advisors LLC’s holdings in Allison Transmission were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Allison Transmission by 109.1% during the 1st 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 purchasing an additional 484,916 shares during 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 first 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 worth $31,726,000 after purchasing an additional 27,384 shares during the period. Signaturefd LLC increased its position in Allison Transmission by 38.7% during the second quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock worth $81,000 after buying an additional 238 shares during the last quarter. Arcus Capital Partners LLC bought a new stake in Allison Transmission in the second quarter valued at approximately $381,000. Finally, Pallas Capital Advisors LLC raised its stake in Allison Transmission by 146.3% in the second quarter. Pallas Capital Advisors LLC now owns 10,433 shares of the auto parts company’s stock valued at $991,000 after buying an additional 6,197 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALSN has been the subject of several research analyst reports. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Wells Fargo & Company began coverage on shares of Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price objective on the stock. Citigroup dropped their price objective on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. 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, JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $92.00.

Allison Transmission Trading Down 0.9%

ALSN stock opened at $88.65 on Friday. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $121.81. The company has a market capitalization of $7.38 billion, a PE ratio of 10.86 and a beta of 1.02. The company’s 50-day simple moving average is $83.41 and its 200 day simple moving average is $89.88. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data 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). Allison Transmission had a net margin of 22.78% and a return on equity of 41.37%. The business had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. During the same period in the prior year, the firm earned $2.27 EPS. The business’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, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission’s dividend payout ratio is currently 13.24%.

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.