Thompson Davis & CO. Inc. Makes New $1.41 Million Investment in Allison Transmission Holdings, Inc. $ALSN

Thompson Davis & CO. Inc. bought 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 and Exchange Commission. The fund bought 14,802 shares of the auto parts company’s stock, valued at approximately $1,406,000. Allison Transmission makes up 0.6% of Thompson Davis & CO. Inc.’s portfolio, making the stock its 26th largest holding.

Other hedge funds also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec grew its stake in Allison Transmission by 109.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock valued at $88,919,000 after purchasing an additional 484,916 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Allison Transmission by 9.0% in 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 valued at $31,726,000 after acquiring an additional 27,384 shares during the last quarter. Arcus Capital Partners LLC acquired a new position in shares of Allison Transmission during the 2nd quarter worth about $381,000. Pallas Capital Advisors LLC raised its holdings in shares of Allison Transmission by 146.3% in the 2nd quarter. Pallas Capital Advisors LLC now owns 10,433 shares of the auto parts company’s stock valued at $991,000 after purchasing an additional 6,197 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Allison Transmission in the 1st quarter valued at about $751,000. 96.90% of the stock is owned by institutional investors.

Allison Transmission Trading Up 0.8%

ALSN opened at $82.61 on Thursday. The company’s 50 day moving average is $84.49 and its 200-day moving average is $90.96. The company has a market cap of $6.88 billion, a P/E ratio of 10.07 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $122.53. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $779.97 million. During the same quarter in the prior year, the business earned $2.27 EPS. The business’s quarterly revenue was down 15.9% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. Equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

Analyst Ratings Changes

ALSN has been the subject of a number of recent analyst reports. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Raymond James Financial lowered their price target on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Finally, Citigroup reduced their price target on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $93.00.

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.