Freedom Investment Management Inc. Reduces Position in Allison Transmission Holdings, Inc. $ALSN

Freedom Investment Management Inc. lessened its holdings in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,104 shares of the auto parts company’s stock after selling 287 shares during the quarter. Freedom Investment Management Inc.’s holdings in Allison Transmission were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Allison Transmission Stock Down 0.5%

Shares of NYSE:ALSN opened at $82.82 on Monday. 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 Holdings, Inc. has a 12 month low of $79.35 and a 12 month high of $122.53. The company has a 50-day moving average price of $86.05 and a 200 day moving average price of $91.63. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 9.41 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating 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 firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. During the same quarter last year, the firm earned $2.13 EPS. 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, equities research analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were issued 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 dividend yield of 1.3%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.27%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ALSN shares. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Finally, Raymond James Financial reduced 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. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $97.38.

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.