Allison Transmission (NYSE:ALSN) Shares Down 3.9%

Allison Transmission Holdings, Inc. (NYSE:ALSN) shares traded down 3.9% on Thursday . The stock 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.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday. 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. Citigroup began coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target on the stock. Raymond James started coverage on shares of Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average price target of $79.57.

Allison Transmission Stock Down 1.9 %

The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19. The company has a market cap of $7.61 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. The company has a fifty day moving average price of $83.43 and a 200 day moving average price of $78.93.

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

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s payout ratio is 13.35%.

Insider Buying and Selling 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 sale, the senior vice president now owns 14,420 shares in the company, valued at $1,082,365.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

A number of large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in shares of Allison Transmission during the second quarter valued at about $7,953,000. Creative Planning lifted its position in shares of Allison Transmission by 5.1% during the 2nd quarter. Creative Planning now owns 4,781 shares of the auto parts company’s stock valued at $363,000 after buying an additional 230 shares in the last quarter. Algert Global LLC lifted its position in shares of Allison Transmission by 6.0% during the 2nd quarter. Algert Global LLC now owns 126,023 shares of the auto parts company’s stock valued at $9,565,000 after buying an additional 7,088 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Allison Transmission by 43.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 19,800 shares of the auto parts company’s stock valued at $1,503,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in Allison Transmission in the 2nd quarter valued at $342,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.