Elevation Point Wealth Partners LLC Takes Position in Allison Transmission Holdings, Inc. $ALSN

Elevation Point Wealth Partners LLC bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,866 shares of the auto parts company’s stock, valued at approximately $177,000.

Several other large investors also recently bought and sold shares of ALSN. Trust Co. of Toledo NA OH purchased a new position in shares of Allison Transmission in the 2nd quarter valued at about $28,000. SVB Wealth LLC acquired a new stake in Allison Transmission in the first quarter valued at approximately $33,000. WPG Advisers LLC purchased a new position in Allison Transmission in the first quarter worth approximately $34,000. Cullen Frost Bankers Inc. lifted its stake in Allison Transmission by 3,108.3% in the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 373 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new position in Allison Transmission during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 0.9%

Shares of Allison Transmission stock opened at $88.65 on Monday. 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 company has a market capitalization of $7.38 billion, a P/E ratio of 10.86 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 1 year low of $76.01 and a 1 year high of $121.81. The company’s fifty day moving average is $83.41 and its two-hundred day moving average is $89.77.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 41.37% and a net margin of 22.78%.The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $779.97 million. During the same quarter last year, the company posted $2.27 EPS. Allison Transmission’s quarterly revenue was down 15.9% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Analysts forecast 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. Allison Transmission’s dividend payout ratio (DPR) is 13.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALSN. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Citigroup lowered their price objective on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Wells Fargo & Company began coverage on Allison Transmission in a research note on Thursday, November 13th. They set an “equal weight” rating and a $85.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $92.00.

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.