Allison Transmission Holdings, Inc. $ALSN Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management reduced its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,725 shares of the auto parts company’s stock after selling 1,193 shares during the period. Meritage Portfolio Management’s holdings in Allison Transmission were worth $2,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC boosted its holdings in shares of Allison Transmission by 102.7% during the 2nd quarter. CWM LLC now owns 25,880 shares of the auto parts company’s stock worth $2,458,000 after purchasing an additional 13,115 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Allison Transmission by 17.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,358 shares of the auto parts company’s stock worth $604,000 after purchasing an additional 947 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Allison Transmission by 3.2% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 28,259 shares of the auto parts company’s stock worth $2,684,000 after purchasing an additional 888 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Allison Transmission in the second quarter valued at approximately $28,000. Finally, Inspire Investing LLC lifted its holdings in Allison Transmission by 3.3% in the second quarter. Inspire Investing LLC now owns 7,080 shares of the auto parts company’s stock valued at $673,000 after acquiring an additional 226 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Down 2.0%

Shares of NYSE ALSN opened at $79.41 on Monday. Allison Transmission Holdings, Inc. has a 52-week low of $79.36 and a 52-week high of $122.53. The business’s 50 day moving average is $87.32 and its two-hundred day moving average is $92.24. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 9.02 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last posted 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. The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. Allison Transmission’s payout ratio is presently 12.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ALSN shares. Citigroup decreased their price objective on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, June 24th. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Raymond James Financial decreased their price objective on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. Bank of America upped their price objective on Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a report on Monday, June 16th. Finally, Wall Street Zen cut Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $98.38.

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.