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

StockNews.com downgraded shares of Allison Transmission (NYSE:ALSN) from a strong-buy rating to a buy rating in a research report sent to investors on Monday morning.

ALSN has been the topic of several other reports. Raymond James started coverage on Allison Transmission in a research report on Friday, June 28th. They issued an outperform rating and a $85.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the company a sell rating in a report on Monday, July 29th. Citigroup began coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a neutral rating and a $80.00 price objective for the company. Finally, Robert W. Baird increased their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a neutral rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $79.57.

Allison Transmission Stock Performance

NYSE:ALSN opened at $88.70 on Monday. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. Allison Transmission has a twelve month low of $50.13 and a twelve month high of $92.82. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average of $83.43 and a 200-day moving average of $78.93.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. During the same quarter in the prior year, the company earned $1.92 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts forecast that Allison Transmission will post 7.89 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. Allison Transmission’s dividend payout ratio is presently 13.35%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Allison Transmission

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Allison Transmission in the 4th quarter valued at $56,334,000. Vision One Management Partners LP acquired a new stake in Allison Transmission during the 4th quarter worth approximately $17,848,000. Prevatt Capital Ltd acquired a new stake in Allison Transmission in the fourth quarter valued at $14,538,000. Thompson Siegel & Walmsley LLC lifted its holdings in Allison Transmission by 257.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock worth $24,245,000 after buying an additional 230,152 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Allison Transmission by 108.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after buying an additional 135,194 shares during the last quarter. 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.