Polaris Capital Management LLC Lowers Holdings in Allison Transmission Holdings, Inc. $ALSN

Polaris Capital Management LLC cut its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 303,100 shares of the auto parts company’s stock after selling 5,600 shares during the period. Polaris Capital Management LLC’s holdings in Allison Transmission were worth $25,727,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Allison Transmission during the 2nd quarter worth about $100,347,000. Qube Research & Technologies Ltd raised its position in shares of Allison Transmission by 128.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after acquiring an additional 683,035 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after purchasing an additional 406,540 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Allison Transmission in the second quarter valued at about $31,740,000. Finally, AQR Capital Management LLC lifted its position in shares of Allison Transmission by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after buying an additional 304,974 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALSN. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Citigroup reiterated a “neutral” rating on shares of Allison Transmission in a report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Raymond James Financial upped their target price on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.13.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Allison Transmission Trading Up 1.1%

Shares of NYSE:ALSN opened at $105.41 on Tuesday. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $121.81. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 12.92 and a beta of 0.98. The business has a 50-day moving average price of $92.46 and a 200-day moving average price of $89.29.

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

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors 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 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s payout ratio is currently 13.24%.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.