Allison Transmission (NYSE:ALSN) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Allison Transmission (NYSE:ALSN) from a strong-buy rating to a buy rating in a research report released on Wednesday.

Several other equities research analysts have also recently issued reports on ALSN. The Goldman Sachs Group raised their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Oppenheimer upped their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Citigroup increased their price target on shares of Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Finally, Bank of America upped their price objective on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $102.63.

Allison Transmission Stock Performance

NYSE:ALSN opened at $106.85 on Wednesday. Allison Transmission has a twelve month low of $55.19 and a twelve month high of $122.53. The company has a market capitalization of $9.26 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average price of $111.01 and a two-hundred day moving average price of $93.58.

Allison Transmission (NYSE:ALSN) last posted its 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. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the prior year, the company earned $1.76 EPS. Allison Transmission’s revenue was up 12.0% on a year-over-year basis. As a group, research analysts expect that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. Allison Transmission’s dividend payout ratio is presently 12.18%.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 11,590 shares of Allison Transmission stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,165,413.52. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,380 shares of company stock worth $2,830,837. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Allison Transmission

A number of large investors have recently bought and sold shares of the business. World Investment Advisors LLC bought a new stake in shares of Allison Transmission in the 3rd quarter worth approximately $29,000. Quarry LP boosted its holdings in shares of Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares during the period. Fifth Third Bancorp grew its position in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after acquiring an additional 506 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Allison Transmission in the 3rd quarter valued at about $67,000. Finally, Venturi Wealth Management LLC boosted its stake in Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 162 shares during the period. 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.