Allison Transmission (NYSE:ALSN) Downgraded to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of Allison Transmission (NYSE:ALSN) from a strong-buy rating to a buy rating in a report released on Monday morning.

A number of other brokerages also recently issued reports on ALSN. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Oppenheimer lifted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup lifted their price target on shares of Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird lifted their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $94.25.

Allison Transmission Stock Up 0.9 %

Shares of ALSN stock opened at $118.04 on Monday. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.07 and a beta of 0.98. Allison Transmission has a one year low of $54.10 and a one year high of $122.53. The company’s fifty day moving average price is $107.66 and its 200-day moving average price is $90.85. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. Sell-side analysts expect that Allison Transmission will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.85%. Allison Transmission’s dividend payout ratio (DPR) is 12.18%.

Insider Buying and Selling at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at approximately $912,095. The trade was a 17.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,165,413.52. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,380 shares of company stock valued at $2,830,837 in the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Several large investors have recently modified their holdings of the business. Glenmede Trust Co. NA raised its stake in shares of Allison Transmission by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock worth $9,333,000 after acquiring an additional 4,261 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Allison Transmission by 238.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company’s stock worth $1,229,000 after acquiring an additional 11,401 shares in the last quarter. Artemis Investment Management LLP bought a new position in shares of Allison Transmission during the 2nd quarter worth approximately $2,252,000. CWA Asset Management Group LLC bought a new position in shares of Allison Transmission during the 3rd quarter worth approximately $947,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Allison Transmission by 133.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock worth $1,337,000 after acquiring an additional 7,944 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

About Allison Transmission

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.