Allison Transmission (NYSE:ALSN) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Allison Transmission (NYSE:ALSN) from a buy rating to a strong-buy rating in a research report report published on Saturday.

ALSN has been the subject of several other reports. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the company a sell rating in a research note on Monday, July 29th. Robert W. Baird increased their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the company a neutral rating in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $70.00 to $78.00 and gave the company a neutral rating in a research report on Monday, April 15th. Citigroup began coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a neutral rating and a $80.00 price objective for the company. Finally, Raymond James initiated coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an outperform rating and a $85.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $79.57.

Allison Transmission Price Performance

Shares of NYSE ALSN traded down $3.65 during midday trading on Friday, reaching $83.60. The stock had a trading volume of 541,140 shares, compared to its average volume of 675,650. The stock has a 50-day moving average of $77.85 and a 200-day moving average of $74.85. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.95 and a current ratio of 2.78. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. Allison Transmission has a 12-month low of $50.13 and a 12-month high of $89.63.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. The firm had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share. As a group, research analysts anticipate that Allison Transmission will post 7.89 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, May 17th. Allison Transmission’s dividend payout ratio is currently 13.35%.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the sale, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’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 completion of the sale, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

A number of large investors have recently modified their holdings of 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 buying an additional 336 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Allison Transmission during the 2nd quarter valued at about $33,000. SRS Capital Advisors Inc. boosted its position in shares of Allison Transmission by 256.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 426 shares during the last quarter. TFO Wealth Partners LLC boosted 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 last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 781 shares during the last quarter. 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.