MQS Management LLC Purchases Shares of 5,433 Allison Transmission Holdings, Inc. $ALSN

MQS Management LLC purchased a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,433 shares of the auto parts company’s stock, valued at approximately $516,000.

Several other large investors also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC increased its stake in shares of Allison Transmission by 145.6% in the second quarter. Focus Partners Advisor Solutions LLC now owns 5,644 shares of the auto parts company’s stock valued at $536,000 after purchasing an additional 3,346 shares during the period. Keeler Thomas Management LLC bought a new position in shares of Allison Transmission in the second quarter valued at approximately $1,218,000. AlphaQuest LLC boosted its holdings in shares of Allison Transmission by 5,391.6% in the second quarter. AlphaQuest LLC now owns 13,784 shares of the auto parts company’s stock valued at $1,309,000 after acquiring an additional 13,533 shares in the last quarter. R Squared Ltd bought a new position in shares of Allison Transmission in the second quarter valued at approximately $342,000. Finally, Ethic Inc. boosted its holdings in shares of Allison Transmission by 4.6% in the second quarter. Ethic Inc. now owns 14,338 shares of the auto parts company’s stock valued at $1,357,000 after acquiring an additional 636 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Trading Down 0.5%

Shares of NYSE:ALSN opened at $82.82 on Friday. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 9.41 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 1-year low of $79.35 and a 1-year high of $122.53. 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 50 day moving average price of $86.05 and a 200 day moving average price of $91.63.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. The firm 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 for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Allison Transmission Company 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.