Allison Transmission (NYSE:ALSN) Stock Rating Upgraded by StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Allison Transmission (NYSE:ALSN – Free Report) from a buy rating to a strong-buy rating in a research note released on Thursday.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group lifted their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a sell rating in a research note on Monday, July 29th. Robert W. Baird upped their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a neutral rating in a research note on Friday, July 26th. Raymond James assumed coverage on shares of Allison Transmission in a research note on Friday, June 28th. They set an outperform rating and a $85.00 price objective for the company. Finally, Citigroup upped their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a neutral rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $86.86.

Check Out Our Latest Research Report on ALSN

Allison Transmission Trading Up 1.3 %

NYSE:ALSN traded up $1.25 during trading hours on Thursday, hitting $99.45. The company had a trading volume of 20,534 shares, compared to its average volume of 624,026. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19. The stock has a 50-day moving average price of $89.94 and a 200 day moving average price of $82.11. The company has a market capitalization of $8.67 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. Allison Transmission has a 52 week low of $50.13 and a 52 week high of $100.73.

Allison Transmission (NYSE:ALSN – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. During the same period last year, the business posted $1.92 earnings per share. Allison Transmission’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Allison Transmission will post 7.85 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, August 19th. Allison Transmission’s payout ratio is currently 12.99%.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the transaction, the senior vice president now owns 12,420 shares in the company, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in Allison Transmission during the second quarter valued at about $33,000. Fifth Third Bancorp lifted its position in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 506 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 172 shares during the period. Finally, Covestor Ltd grew its position in shares of Allison Transmission by 307.2% during the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after purchasing an additional 728 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

About Allison Transmission

(Get Free Report)

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.

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