Allison Transmission (NYSE:ALSN) Upgraded by StockNews.com to Strong-Buy

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

A number of other research analysts have also recently commented on ALSN. The Goldman Sachs Group upped their price target on Allison Transmission from $63.00 to $72.00 and gave the company a sell rating in a research report on Monday, July 29th. Raymond James initiated coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an outperform rating and a $85.00 target price for the company. Robert W. Baird boosted their price target 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. Finally, Citigroup raised their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a neutral rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $86.86.

Allison Transmission Stock Performance

ALSN traded up $1.25 during trading on Thursday, hitting $99.45. 20,534 shares of the company traded hands, compared to its average volume of 624,026. Allison Transmission has a one year low of $50.13 and a one year high of $100.73. The stock’s fifty day moving average is $89.94 and its 200 day moving average is $82.11. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The firm has a market cap of $8.67 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $799.44 million. During the same quarter last year, the business posted $1.92 EPS. Allison Transmission’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that Allison Transmission will post 7.85 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio is presently 12.99%.

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 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 directly owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the sale, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock valued at $546,060 in the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after buying an additional 336 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission in the 2nd quarter worth approximately $33,000. Fifth Third Bancorp boosted its stake in shares of Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 172 shares during the last quarter. Finally, Covestor Ltd raised its position in Allison Transmission by 307.2% in the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after purchasing an additional 728 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.