Natixis Acquires New Holdings in Allison Transmission Holdings, Inc. $ALSN

Natixis acquired a new position in Allison Transmission Holdings, Inc. (NYSE:ALSN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 78,538 shares of the auto parts company’s stock, valued at approximately $7,460,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Nova Scotia acquired a new stake in shares of Allison Transmission during the second quarter worth $988,000. California Public Employees Retirement System boosted its holdings in shares of Allison Transmission by 1.7% during the 2nd quarter. California Public Employees Retirement System now owns 182,506 shares of the auto parts company’s stock worth $17,336,000 after purchasing an additional 3,127 shares during the last quarter. Cerity Partners LLC increased its position in Allison Transmission by 19.9% during the second quarter. Cerity Partners LLC now owns 80,634 shares of the auto parts company’s stock worth $7,659,000 after purchasing an additional 13,355 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Allison Transmission by 35.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after purchasing an additional 406,540 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in Allison Transmission in the second quarter valued at approximately $2,059,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

Allison Transmission stock opened at $93.77 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $121.81. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 11.49 and a beta of 0.99. The stock’s 50-day moving average is $84.18 and its 200-day moving average is $89.12.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The company had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. During the same quarter in the previous year, the business posted $2.27 earnings per share. The business’s quarterly revenue was down 15.9% compared to the same quarter last year. Equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Allison Transmission’s payout ratio is currently 13.24%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Allison Transmission in a report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 target price on the stock. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. JPMorgan Chase & Co. lowered their price objective on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, Citigroup cut their price target on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and a consensus target price of $92.63.

Allison Transmission Company 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.