Allison Transmission (NYSE:ALSN) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Allison Transmission (NYSE:ALSN) had its price objective lowered by JPMorgan Chase & Co. from $145.00 to $142.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

ALSN has been the subject of a number of other reports. Citigroup lowered their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Morgan Stanley boosted their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Freedom Broker assumed coverage on shares of Allison Transmission in a research report on Friday, October 2nd. They issued a “buy” rating and a $144.00 target price on the stock. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.14.

Allison Transmission Stock Up 0.7%

ALSN stock opened at $109.83 on Thursday. The firm has a market cap of $9.07 billion, a PE ratio of 17.46, a PEG ratio of 0.58 and a beta of 0.98. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The firm’s 50 day moving average price is $121.90 and its 200-day moving average price is $120.23. Allison Transmission has a one year low of $76.01 and a one year high of $137.62.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.25. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%. The firm’s revenue for the quarter was up 92.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.29 earnings per share. On average, equities research analysts anticipate that Allison Transmission will post 10.25 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 21st. Allison Transmission’s payout ratio is currently 18.44%.

Insider Activity

In related news, CEO David Graziosi sold 26,708 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the transaction, the chief executive officer owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric Scroggins sold 1,050 shares of Allison Transmission stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider directly owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Millstone Evans Group LLC purchased a new position in Allison Transmission in the 1st quarter valued at approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Allison Transmission in the first quarter worth $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Allison Transmission during the first quarter worth $28,000. Persistent Asset Partners Ltd purchased a new stake in shares of Allison Transmission during the second quarter worth $43,000. Finally, Platinum Investment Management Ltd. acquired a new stake in shares of Allison Transmission in the fourth quarter valued at $62,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and defense vehicles. Its products are used in a broad range of applications, including refuse and construction trucks, buses, distribution vehicles, emergency vehicles, motorhomes, and off-highway equipment.

The company’s portfolio includes conventional automatic transmissions, hybrid-electric propulsion systems, and electric axles and other solutions intended to support vehicle electrification.