Allison Transmission Holdings, Inc. $ALSN Shares Sold by Boston Partners

Boston Partners reduced its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 13.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 933,046 shares of the auto parts company’s stock after selling 140,845 shares during the period. Boston Partners owned about 1.12% of Allison Transmission worth $88,538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Allison Transmission by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company’s stock worth $178,686,000 after buying an additional 10,208 shares during the period. AQR Capital Management LLC grew its stake in shares of Allison Transmission by 4.3% during the first quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company’s stock valued at $151,281,000 after acquiring an additional 65,826 shares in the last quarter. Invesco Ltd. increased its position in shares of Allison Transmission by 6.8% during the first quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company’s stock worth $120,795,000 after acquiring an additional 80,653 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Allison Transmission by 19.0% in the first quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company’s stock worth $108,897,000 after acquiring an additional 181,568 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Allison Transmission by 3.2% in the second quarter. Allianz Asset Management GmbH now owns 1,081,292 shares of the auto parts company’s stock worth $102,712,000 after acquiring an additional 33,073 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

ALSN opened at $82.05 on Thursday. 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 company’s 50-day moving average price is $84.49 and its 200 day moving average price is $90.96. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $122.53. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 10.05 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.32). The company had revenue of $693.00 million for 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%. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period last year, the company posted $2.27 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Raymond James Financial decreased their price target 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. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. JPMorgan Chase & Co. decreased their price objective on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Finally, Citigroup dropped their target price on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $93.00.

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.