Clifford Swan Investment Counsel LLC Trims Holdings in Allison Transmission Holdings, Inc. $ALSN

Clifford Swan Investment Counsel LLC reduced its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 0.6% in the second quarter, HoldingsChannel reports. The fund owned 356,944 shares of the auto parts company’s stock after selling 2,318 shares during the period. Allison Transmission accounts for 1.2% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 21st biggest holding. Clifford Swan Investment Counsel LLC’s holdings in Allison Transmission were worth $33,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ethic Inc. increased its stake in shares of Allison Transmission by 4.6% during the second quarter. Ethic Inc. now owns 14,338 shares of the auto parts company’s stock valued at $1,357,000 after purchasing an additional 636 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Allison Transmission by 13.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 10,410 shares of the auto parts company’s stock worth $989,000 after buying an additional 1,268 shares during the last quarter. Parcion Private Wealth LLC increased its position in Allison Transmission by 3.3% during the 2nd quarter. Parcion Private Wealth LLC now owns 63,036 shares of the auto parts company’s stock valued at $5,988,000 after buying an additional 1,986 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Allison Transmission by 3,108.3% during the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after buying an additional 373 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Allison Transmission by 2.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 100,752 shares of the auto parts company’s stock worth $9,521,000 after acquiring an additional 2,005 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Allison Transmission in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Finally, Raymond James Financial lowered their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. 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 stock. According to MarketBeat, Allison Transmission has an average rating of “Hold” and an average target price of $97.38.

Allison Transmission Stock Down 0.3%

ALSN stock opened at $82.23 on Thursday. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 9.34 and a beta of 1.01. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. The business’s 50-day moving average is $86.25 and its two-hundred day moving average is $91.59. Allison Transmission Holdings, Inc. has a fifty-two week low of $79.35 and a fifty-two week high of $122.53.

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

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were paid 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 1.3%. Allison Transmission’s dividend payout ratio (DPR) is 12.27%.

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.