Allison Transmission (NYSE:ALSN) Reaches New 12-Month High at $82.01

Allison Transmission Holdings, Inc. (NYSE:ALSNGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $82.01 and last traded at $81.85, with a volume of 80234 shares. The stock had previously closed at $81.16.

Wall Street Analyst Weigh In

ALSN has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $48.00 to $55.00 and gave the stock a “sell” rating in a research note on Thursday, February 15th. Oppenheimer increased their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Morgan Stanley started coverage on shares of Allison Transmission in a research report on Monday, January 8th. They set an “equal weight” rating and a $62.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and an average price target of $63.88.

Read Our Latest Research Report on Allison Transmission

Allison Transmission Trading Up 0.7 %

The firm has a market capitalization of $7.13 billion, a PE ratio of 10.94, a PEG ratio of 1.51 and a beta of 1.03. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. The stock’s fifty day simple moving average is $71.43 and its 200 day simple moving average is $61.72.

Allison Transmission (NYSE:ALSNGet Free Report) last announced its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The business had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $744.00 million. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.64 earnings per share for the current year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.25 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, March 1st. Allison Transmission’s dividend payout ratio is currently 13.44%.

Insider Buying and Selling at Allison Transmission

In other news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the sale, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the sale, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now directly owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,843 shares of company stock valued at $6,244,562. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Institutional investors have recently bought and sold shares of the stock. ICA Group Wealth Management LLC purchased a new position in Allison Transmission during the fourth quarter valued at $25,000. Global Retirement Partners LLC grew its stake in Allison Transmission by 1,706.7% during the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 512 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Allison Transmission by 256.6% during the fourth 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 in the last quarter. Loomis Sayles & Co. L P grew its stake in Allison Transmission by 222.5% during the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 416 shares in the last quarter. Finally, Quent Capital LLC grew its stake in Allison Transmission by 42.3% during the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Company Profile

(Get Free Report)

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.

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