Cullen Frost Bankers Inc. Boosts Holdings in Allison Transmission Holdings, Inc. $ALSN

Cullen Frost Bankers Inc. boosted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3,108.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 385 shares of the auto parts company’s stock after buying an additional 373 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Allison Transmission were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of ALSN. GAMMA Investing LLC boosted its stake in Allison Transmission by 9.8% during the first quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company’s stock worth $148,000 after buying an additional 138 shares during the period. KBC Group NV boosted its stake in Allison Transmission by 3.7% during the first quarter. KBC Group NV now owns 3,596 shares of the auto parts company’s stock worth $344,000 after buying an additional 127 shares during the period. Kendall Capital Management boosted its stake in Allison Transmission by 32.5% during the first quarter. Kendall Capital Management now owns 13,160 shares of the auto parts company’s stock worth $1,259,000 after buying an additional 3,230 shares during the period. Private Trust Co. NA boosted its stake in Allison Transmission by 32.8% during the first quarter. Private Trust Co. NA now owns 636 shares of the auto parts company’s stock worth $61,000 after buying an additional 157 shares during the period. Finally, Cannon Global Investment Management LLC boosted its stake in Allison Transmission by 70.5% during the first quarter. Cannon Global Investment Management LLC now owns 10,400 shares of the auto parts company’s stock worth $995,000 after buying an additional 4,300 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ALSN shares. Raymond James Financial dropped their price objective on shares of 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. lowered their target price on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. 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, the stock has an average rating of “Hold” and an average target price of $97.38.

Allison Transmission Stock Down 0.5%

NYSE:ALSN opened at $82.82 on Monday. Allison Transmission Holdings, Inc. has a 1-year low of $79.35 and a 1-year high of $122.53. The company has a 50-day moving average of $86.05 and a 200 day moving average of $91.63. The firm has a market cap of $6.93 billion, a PE ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data 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. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $811.05 million. During the same period in the prior year, the firm earned $2.13 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors 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 dividend on an annualized basis and a yield of 1.3%. Allison Transmission’s dividend payout ratio is 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.