Allison Transmission (NYSE:ALSN) Upgraded at StockNews.com

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

Several other equities analysts have also recently issued reports on ALSN. Raymond James began coverage on Allison Transmission in a report on Friday, June 28th. They issued an outperform rating and a $85.00 price objective for the company. Citigroup started coverage on Allison Transmission in a research note on Wednesday, June 26th. They set a neutral rating and a $80.00 price objective for the company. Robert W. Baird boosted their price objective on Allison Transmission from $84.00 to $87.00 and gave the stock a neutral rating in a research note on Friday, April 26th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $70.00 to $78.00 and gave the company a neutral rating in a research report on Monday, April 15th. Finally, The Goldman Sachs Group upped their price target on Allison Transmission from $55.00 to $63.00 and gave the company a sell rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Allison Transmission has a consensus rating of Hold and an average price target of $76.75.

Allison Transmission Stock Down 0.3 %

Allison Transmission stock opened at $87.46 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.61 and a beta of 1.00. Allison Transmission has a 1-year low of $50.13 and a 1-year high of $88.63. The business has a fifty day moving average price of $76.92 and a 200-day moving average price of $74.13.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 54.59% and a net margin of 21.95%. The company had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter in the previous year, the firm posted $1.92 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Allison Transmission will post 7.69 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, May 17th. Allison Transmission’s dividend payout ratio (DPR) is 13.35%.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the sale, the senior vice president now owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Rafael Basso sold 12,624 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the transaction, the vice president now owns 4,624 shares of the company’s stock, valued at $344,395.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the transaction, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Allison Transmission

Several hedge funds have recently made changes to their positions in ALSN. Versant Capital Management Inc grew its holdings in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Allison Transmission in the second quarter valued at about $33,000. SRS Capital Advisors Inc. lifted its position in Allison Transmission by 256.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 426 shares during the period. Quent Capital LLC lifted its position in shares of Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 210 shares during the period. Finally, TFO Wealth Partners LLC lifted its position in shares of Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 718 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.