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

StockNews.com upgraded shares of Allison Transmission (NYSE:ALSN) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a neutral rating in a research report on Monday, April 15th. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the company a sell rating in a research note on Monday, July 29th. Raymond James started coverage on shares of Allison Transmission in a research note on Friday, June 28th. They issued an outperform rating and a $85.00 price objective for the company. Robert W. Baird boosted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a neutral rating in a research report on Friday, July 26th. Finally, Citigroup assumed coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a neutral rating and a $80.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $79.57.

Allison Transmission Trading Down 1.4 %

Shares of NYSE:ALSN opened at $82.44 on Friday. The company has a market cap of $7.18 billion, a PE ratio of 10.81, a P/E/G ratio of 1.56 and a beta of 0.99. The company’s 50-day moving average price is $77.85 and its 200 day moving average price is $74.98. Allison Transmission has a fifty-two week low of $50.13 and a fifty-two week high of $89.63. The company has a quick ratio of 1.95, a current ratio of 2.78 and a debt-to-equity ratio of 1.62.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data 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. The company had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 EPS. Sell-side analysts anticipate that Allison Transmission will post 7.89 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 17th. Allison Transmission’s dividend payout ratio is currently 13.35%.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the sale, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the sale, the vice president now directly owns 4,624 shares in the company, valued at approximately $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the sale, the senior vice president now owns 14,420 shares in the company, valued at $1,082,365.20. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several hedge funds have recently bought and sold shares of ALSN. Quent Capital LLC grew its stake in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after buying an additional 172 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of Allison Transmission by 2.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock valued at $396,000 after buying an additional 180 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of Allison Transmission by 2.1% in the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after buying an additional 186 shares in the last quarter. Americana Partners LLC grew its stake in shares of Allison Transmission by 3.9% in the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after buying an additional 191 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of Allison Transmission by 4.1% in the second quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after buying an additional 200 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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.