KLP Kapitalforvaltning AS Sells 200 Shares of Allison Transmission Holdings, Inc. $ALSN

KLP Kapitalforvaltning AS reduced its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,900 shares of the auto parts company’s stock after selling 200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Allison Transmission were worth $2,460,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of Allison Transmission during the first quarter valued at about $33,000. WPG Advisers LLC acquired a new position in shares of Allison Transmission during the first quarter valued at about $34,000. Steph & Co. acquired a new position in shares of Allison Transmission during the second quarter valued at about $41,000. SRH Advisors LLC grew its holdings in shares of Allison Transmission by 95.0% during the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company’s stock valued at $45,000 after buying an additional 228 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of 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 buying an additional 157 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

NYSE ALSN opened at $79.41 on Friday. The company’s 50 day moving average is $87.32 and its 200-day moving average is $92.29. Allison Transmission Holdings, Inc. has a 12-month low of $79.36 and a 12-month high of $122.53. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The firm has a market cap of $6.64 billion, a P/E ratio of 9.02 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (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 company had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The company’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 predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. Allison Transmission’s payout ratio is 12.27%.

Analysts Set New Price Targets

ALSN has been the topic of several analyst reports. Raymond James Financial cut their price target on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. Citigroup cut their price target on shares of Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, June 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Allison Transmission in a report on Wednesday. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Finally, Wall Street Zen cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.38.

About Allison Transmission

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.