Soltis Investment Advisors LLC Has $3.68 Million Stock Position in Allison Transmission Holdings, Inc. $ALSN

by · The Cerbat Gem

Soltis Investment Advisors LLC grew its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN – Free Report) by 541.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,692 shares of the auto parts company’s stock after buying an additional 32,659 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Allison Transmission were worth $3,675,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Compound Planning Inc. raised its stake in shares of Allison Transmission by 5.3% in the 1st quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company’s stock valued at $209,000 after purchasing an additional 109 shares during the period. Callan Family Office LLC grew its holdings in shares of Allison Transmission by 5.1% during the first quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company’s stock worth $249,000 after buying an additional 126 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Allison Transmission by 2.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock valued at $594,000 after buying an additional 131 shares during the last quarter. Islay Capital Management LLC lifted its stake in Allison Transmission by 1.3% in the 1st quarter. Islay Capital Management LLC now owns 10,953 shares of the auto parts company’s stock valued at $1,048,000 after acquiring an additional 140 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Allison Transmission by 32.8% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company’s stock worth $61,000 after acquiring an additional 157 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on Allison Transmission

Allison Transmission Trading Up 1.6%

Allison Transmission stock opened at $80.71 on Thursday. The stock has a 50-day simple moving average of $85.05 and a 200 day simple moving average of $91.22. The stock has a market capitalization of $6.72 billion, a P/E ratio of 9.89 and a beta of 1.02. 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 Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The business had revenue of $693.00 million during the quarter, compared to analyst estimates of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 41.37%. The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. Allison Transmission’s dividend payout ratio is presently 13.24%.

Allison Transmission Profile

(Free Report)

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.

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