Royal Bank of Canada downgraded shares of Allison Transmission (NYSE:ALSN) from an outperform rating to a sector perform rating in a report released on Friday, February 16th, MarketBeat reports. Royal Bank of Canada currently has $50.00 price objective on the auto parts company’s stock, up from their prior price objective of $46.00.
Other equities research analysts have also recently issued research reports about the stock. Bank of America reiterated a buy rating on shares of Allison Transmission in a research report on Thursday, November 23rd. Zacks Investment Research upgraded shares of Allison Transmission from a hold rating to a buy rating and set a $47.00 price objective for the company in a report on Tuesday, February 13th. Buckingham Research upped their price target on shares of Allison Transmission from $36.00 to $42.00 and gave the company a neutral rating in a report on Wednesday, November 1st. Stifel Nicolaus set a $44.00 price objective on shares of Allison Transmission and gave the stock a hold rating in a research report on Friday, February 9th. Finally, BidaskClub raised shares of Allison Transmission from a buy rating to a strong-buy rating in a research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Allison Transmission currently has an average rating of Hold and a consensus target price of $43.82.
Shares of Allison Transmission (ALSN) traded down $0.52 during trading hours on Friday, reaching $38.04. 812,489 shares of the company were exchanged, compared to its average volume of 1,600,000. Allison Transmission has a 1 year low of $32.93 and a 1 year high of $45.69. The company has a quick ratio of 1.15, a current ratio of 1.52 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $5,390.00, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20.
Allison Transmission (NYSE:ALSN) last posted its earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.89. The business had revenue of $588.00 million for the quarter, compared to analyst estimates of $576.57 million. Allison Transmission had a net margin of 10.71% and a return on equity of 40.63%. Allison Transmission’s revenue was up 25.4% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. research analysts predict that Allison Transmission will post 3.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, February 16th. Allison Transmission’s dividend payout ratio is 25.53%.
In other Allison Transmission news, Director James A. Star sold 322,130 shares of Allison Transmission stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $44.49, for a total transaction of $14,331,563.70. Following the completion of the transaction, the director now owns 41,450 shares of the company’s stock, valued at approximately $1,844,110.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric C. Scroggins sold 4,330 shares of Allison Transmission stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $44.00, for a total value of $190,520.00. Following the transaction, the vice president now directly owns 20,310 shares of the company’s stock, valued at approximately $893,640. The disclosure for this sale can be found here. Insiders have sold a total of 3,399,429 shares of company stock worth $149,485,666 over the last ninety days. Insiders own 7.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Group One Trading L.P. purchased a new position in shares of Allison Transmission during the third quarter worth about $105,000. American International Group Inc. purchased a new position in shares of Allison Transmission during the fourth quarter worth about $127,000. The Manufacturers Life Insurance Company grew its holdings in shares of Allison Transmission by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 607 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Allison Transmission during the third quarter worth about $203,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Allison Transmission in the second quarter worth approximately $208,000.
ILLEGAL ACTIVITY WARNING: This article was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.thelincolnianonline.com/2018/03/14/allison-transmission-alsn-lowered-to-sector-perform-at-royal-bank-of-canada.html.
About Allison Transmission
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.