Allison Transmission (NYSE:ALSN) Shares Down 3.9%

Allison Transmission Holdings, Inc. (NYSE:ALSN)’s share price fell 3.9% during mid-day trading on Thursday . The company traded as low as $85.21 and last traded at $85.22. 41,204 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 619,894 shares. The stock had previously closed at $88.64.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ALSN shares. Robert W. Baird raised their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a report on Monday, July 29th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. Raymond James began coverage on Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 price target on the stock. Finally, Citigroup began coverage on Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $79.57.

Allison Transmission Price Performance

The firm has a market capitalization of $7.55 billion, a P/E ratio of 11.52, a PEG ratio of 1.66 and a beta of 0.99. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average is $84.19 and its 200-day moving average is $79.17.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. During the same quarter last year, the business posted $1.92 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s payout ratio is 13.35%.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Allison Transmission during the fourth quarter valued at $56,334,000. Vision One Management Partners LP bought a new position in Allison Transmission during the 4th quarter worth $17,848,000. Prevatt Capital Ltd acquired a new position in Allison Transmission during the 4th quarter worth about $14,538,000. Thompson Siegel & Walmsley LLC grew its position in shares of Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after buying an additional 230,152 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Allison Transmission by 108.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after buying an additional 135,194 shares during the period. Institutional investors and hedge funds 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.