Allison Transmission Holdings Inc (NYSE:ALSN) – Stock analysts at Piper Jaffray Companies raised their FY2018 EPS estimates for shares of Allison Transmission in a report released on Tuesday, October 30th. Piper Jaffray Companies analyst A. Potter now anticipates that the auto parts company will earn $4.59 per share for the year, up from their prior forecast of $4.46. Piper Jaffray Companies has a “Sell” rating and a $26.00 price target on the stock. Piper Jaffray Companies also issued estimates for Allison Transmission’s Q3 2019 earnings at $1.07 EPS, Q4 2019 earnings at $1.09 EPS, FY2019 earnings at $4.31 EPS, FY2020 earnings at $3.87 EPS, FY2021 earnings at $4.05 EPS and FY2022 earnings at $3.91 EPS.
A number of other research firms also recently issued reports on ALSN. Credit Suisse Group boosted their target price on shares of Allison Transmission from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. Stifel Nicolaus boosted their target price on shares of Allison Transmission from $53.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. ValuEngine upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, Buckingham Research set a $50.00 target price on shares of Allison Transmission and gave the company a “hold” rating in a report on Thursday, October 11th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Allison Transmission currently has a consensus rating of “Hold” and an average target price of $47.08.
Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, October 29th. The auto parts company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Allison Transmission had a net margin of 26.64% and a return on equity of 91.34%. The firm had revenue of $692.00 million during the quarter, compared to the consensus estimate of $656.52 million. During the same period in the previous year, the firm earned $0.75 earnings per share. Allison Transmission’s revenue was up 16.3% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Monday, November 19th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 16th. This represents a $0.60 annualized dividend and a yield of 1.36%. Allison Transmission’s dividend payout ratio is currently 22.56%.
In other news, CEO David S. Graziosi sold 5,000 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $48.52, for a total transaction of $242,600.00. Following the transaction, the chief executive officer now directly owns 196,921 shares of the company’s stock, valued at $9,554,606.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence E. Dewey sold 262,795 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $51.61, for a total transaction of $13,562,849.95. Following the transaction, the director now directly owns 479,870 shares in the company, valued at $24,766,090.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 388,664 shares of company stock valued at $20,046,606. 8.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC acquired a new position in shares of Allison Transmission during the second quarter worth $510,000. Moneta Group Investment Advisors LLC lifted its position in shares of Allison Transmission by 96.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock worth $166,000 after purchasing an additional 2,010 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Allison Transmission during the second quarter worth $2,535,000. Burney Co. lifted its position in shares of Allison Transmission by 77.4% during the second quarter. Burney Co. now owns 146,363 shares of the auto parts company’s stock worth $5,926,000 after purchasing an additional 63,842 shares in the last quarter. Finally, Empirical Finance LLC acquired a new position in shares of Allison Transmission during the third quarter worth $1,570,000.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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