Ethic Inc. Purchases 636 Shares of Allison Transmission Holdings, Inc. $ALSN

Ethic Inc. boosted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,338 shares of the auto parts company’s stock after purchasing an additional 636 shares during the period. Ethic Inc.’s holdings in Allison Transmission were worth $1,357,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Rehmann Capital Advisory Group grew its holdings 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 valued at $989,000 after acquiring an additional 1,268 shares in the last quarter. Parcion Private Wealth LLC grew its holdings in shares of Allison Transmission by 3.3% in 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 acquiring an additional 1,986 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of 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 valued at $37,000 after acquiring an additional 373 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Allison Transmission by 2.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 100,752 shares of the auto parts company’s stock valued at $9,521,000 after acquiring an additional 2,005 shares in the last quarter. Finally, Arcus Capital Partners LLC bought a new position in shares of Allison Transmission in the 2nd quarter valued at about $381,000. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 0.5%

Shares of NYSE:ALSN opened at $82.82 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $79.35 and a 52-week high of $122.53. The company has a market capitalization of $6.93 billion, a P/E ratio of 9.41 and a beta of 1.01. The company has a 50-day simple moving average of $86.05 and a 200 day simple moving average of $91.63. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. During the same period last year, the business posted $2.13 EPS. Allison Transmission’s revenue was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 annualized dividend and a yield of 1.3%. Allison Transmission’s dividend payout ratio (DPR) is 12.27%.

Analyst Ratings Changes

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