Voya Investment Management LLC Has $5.98 Million Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

Voya Investment Management LLC decreased its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,428 shares of the auto parts company’s stock after selling 9,494 shares during the period. Voya Investment Management LLC’s holdings in Allison Transmission were worth $5,978,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Allison Transmission during the second quarter valued at approximately $100,347,000. Qube Research & Technologies Ltd boosted its stake in Allison Transmission by 128.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after buying an additional 683,035 shares in the last quarter. Federated Hermes Inc. increased its holdings in 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 buying an additional 406,540 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Allison Transmission in the 2nd quarter valued at $31,740,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Allison Transmission by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after acquiring an additional 304,974 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $100.80 on Thursday. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 12.35 and a beta of 0.99. The firm’s 50-day moving average price is $87.71 and its two-hundred day moving average price is $88.92. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $121.81.

Allison Transmission (NYSE:ALSN) last posted its earnings results 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 firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Allison Transmission’s payout ratio is currently 13.24%.

Analyst Ratings Changes

ALSN has been the topic of several recent research reports. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Raymond James Financial raised their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday. 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 research note on Thursday, October 30th. Citigroup increased their target price on Allison Transmission from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Allison Transmission currently has an average rating of “Hold” and a consensus price target of $95.13.

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.