QRG Capital Management Inc. Purchases 187 Shares of Allison Transmission Holdings, Inc. $ALSN

QRG Capital Management Inc. lifted its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,734 shares of the auto parts company’s stock after acquiring an additional 187 shares during the period. QRG Capital Management Inc.’s holdings in Allison Transmission were worth $450,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Allison Transmission by 109.1% in 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 last quarter. Jane Street Group LLC grew its stake in shares of Allison Transmission by 341.3% in the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after buying an additional 223,253 shares during the last quarter. Millennium Management LLC grew its stake in shares of Allison Transmission by 97.6% in the 1st quarter. Millennium Management LLC now owns 370,050 shares of the auto parts company’s stock worth $35,403,000 after buying an additional 182,799 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Allison Transmission by 19.0% in the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company’s stock worth $108,897,000 after buying an additional 181,568 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Allison Transmission by 26.4% in the 1st quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company’s stock worth $61,250,000 after buying an additional 133,635 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the topic of several recent research reports. Wall Street Zen downgraded Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Raymond James Financial cut their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st. Bank of America upped their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an “underperform” rating in a research note on Monday, June 16th. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Citigroup cut their target price on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 24th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $98.38.

Allison Transmission Price Performance

NYSE ALSN opened at $79.41 on Friday. The business’s fifty day moving average price is $87.32 and its 200-day moving average price is $92.34. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 9.02 and a beta of 1.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. Allison Transmission Holdings, Inc. has a 1-year low of $79.36 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

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

About Allison Transmission

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.