Penserra Capital Management LLC Has $530,000 Position in Allison Transmission Holdings, Inc. $ALSN

Penserra Capital Management LLC grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 42.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,581 shares of the auto parts company’s stock after purchasing an additional 1,658 shares during the quarter. Penserra Capital Management LLC’s holdings in Allison Transmission were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Allison Transmission by 109.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock worth $88,919,000 after buying an additional 484,916 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Allison Transmission by 9.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 331,614 shares of the auto parts company’s stock worth $31,726,000 after acquiring an additional 27,384 shares in the last quarter. Arcus Capital Partners LLC acquired a new stake in Allison Transmission in the second quarter worth $381,000. Pallas Capital Advisors LLC grew its holdings in Allison Transmission by 146.3% in the second quarter. Pallas Capital Advisors LLC now owns 10,433 shares of the auto parts company’s stock worth $991,000 after purchasing an additional 6,197 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Allison Transmission in the first quarter valued at $751,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN opened at $82.03 on Wednesday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 10.05 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $122.53. The stock has a 50 day moving average price of $84.61 and a two-hundred day moving average price of $91.03. 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 announced its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 41.37%. The company had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. During the same period in the previous year, the firm earned $2.27 EPS. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be paid a $0.27 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. Allison Transmission’s dividend payout ratio is presently 13.24%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALSN. Raymond James Financial cut their price objective on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, July 21st. JPMorgan Chase & Co. cut their price target on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Citigroup lowered their target price on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. One equities research analyst has 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 “Reduce” and a consensus target price of $93.00.

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.