Oppenheimer set a $50.00 price objective on Allison Transmission (NYSE:ALSN) in a research note issued to investors on Monday. The brokerage currently has a buy rating on the auto parts company’s stock. Oppenheimer also issued estimates for Allison Transmission’s Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $4.54 EPS and FY2019 earnings at $4.95 EPS.
A number of other equities research analysts also recently weighed in on ALSN. Zacks Investment Research downgraded shares of Allison Transmission from a buy rating to a hold rating in a research note on Wednesday, July 4th. Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the stock a sell rating in a research note on Tuesday, July 31st. Bank of America lifted their price target on shares of Allison Transmission from $44.00 to $46.00 and gave the stock a neutral rating in a research note on Tuesday, July 31st. ValuEngine upgraded shares of Allison Transmission from a hold rating to a buy rating in a research note on Tuesday, July 31st. Finally, Stifel Nicolaus lifted their price target on shares of Allison Transmission from $53.00 to $56.00 and gave the stock a buy rating in a research note on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $47.08.
ALSN opened at $44.08 on Monday. Allison Transmission has a fifty-two week low of $37.41 and a fifty-two week high of $53.76. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.05 and a current ratio of 1.43. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 0.99 and a beta of 1.26.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 19th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. Allison Transmission’s dividend payout ratio is presently 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 value of $242,600.00. Following the sale, the chief executive officer now owns 196,921 shares in the company, valued at approximately $9,554,606.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eric C. Scroggins sold 4,940 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $49.00, for a total transaction of $242,060.00. Following the completion of the sale, the vice president now owns 23,893 shares in the company, valued at approximately $1,170,757. The disclosure for this sale can be found here. Insiders sold a total of 388,664 shares of company stock worth $20,046,606 in the last 90 days. 8.40% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of ALSN. Townsend & Associates Inc acquired a new stake in shares of Allison Transmission in the 2nd quarter valued at $111,000. Sun Life Financial INC acquired a new position in Allison Transmission during the 2nd quarter worth about $115,000. Moneta Group Investment Advisors LLC lifted its position in Allison Transmission by 96.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock worth $166,000 after buying an additional 2,010 shares in the last quarter. Sigma Planning Corp acquired a new position in Allison Transmission during the 2nd quarter worth about $232,000. Finally, Murphy Capital Management Inc. acquired a new position in Allison Transmission during the 2nd quarter worth about $249,000.
About Allison Transmission
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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