Loomis Sayles & Co. L P Has $209.89 Million Stake in Allison Transmission Holdings, Inc. $ALSN

Loomis Sayles & Co. L P trimmed its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 14.7% in the second quarter, Holdings Channel reports. The fund owned 2,209,560 shares of the auto parts company’s stock after selling 380,160 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Allison Transmission were worth $209,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Trust Co. of Toledo NA OH bought a new stake in Allison Transmission during the 2nd quarter valued at approximately $28,000. SVB Wealth LLC bought a new position in Allison Transmission in the 1st quarter worth approximately $33,000. WPG Advisers LLC acquired a new position in shares of Allison Transmission during the first quarter worth approximately $34,000. Cullen Frost Bankers Inc. boosted its position in shares of Allison Transmission by 3,108.3% in the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 373 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in shares of Allison Transmission in the second quarter worth $38,000. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Citigroup dropped their price objective on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Wells Fargo & Company began coverage on Allison Transmission in a research note on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $92.00.

Allison Transmission Price Performance

NYSE:ALSN opened at $88.65 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. The company has a 50-day moving average of $83.41 and a 200-day moving average of $89.98. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $121.81. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 10.86 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 41.37% and a net margin of 22.78%.The business’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. Allison Transmission’s dividend payout ratio (DPR) is 13.24%.

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.