3,601 Shares in Allison Transmission Holdings, Inc. $ALSN Purchased by R Squared Ltd

R Squared Ltd bought a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,601 shares of the auto parts company’s stock, valued at approximately $342,000.

Several other large investors have also added to or reduced their stakes in ALSN. Trust Co. of Toledo NA OH bought a new position in Allison Transmission in the 2nd quarter worth about $28,000. SVB Wealth LLC bought a new position in Allison Transmission in the 1st quarter worth about $33,000. WPG Advisers LLC bought a new position in Allison Transmission in the 1st quarter worth about $34,000. Cullen Frost Bankers Inc. boosted its stake 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 period. Finally, Steph & Co. bought a new position in Allison Transmission in the 2nd quarter worth about $41,000. Institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ALSN shares. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Raymond James Financial cut their target price on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. JPMorgan Chase & Co. cut their target price on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average price target of $97.38.

Allison Transmission Stock Performance

Shares of ALSN opened at $82.82 on Friday. The company has a market cap of $6.93 billion, a PE ratio of 9.41 and a beta of 1.01. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. The stock has a 50-day moving average price of $86.05 and a 200-day moving average price of $91.58. Allison Transmission Holdings, Inc. has a 12-month low of $79.35 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were given a $0.27 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. Allison Transmission’s payout ratio is presently 12.27%.

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.