Allison Transmission (NYSE:ALSN) Shares Down 3.9%

Allison Transmission Holdings, Inc. (NYSE:ALSN) was down 3.9% on Thursday . The stock traded as low as $85.21 and last traded at $85.22. Approximately 41,204 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 619,894 shares. The stock had previously closed at $88.64.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ALSN shares. The Goldman Sachs Group lifted their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Robert W. Baird boosted their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday. Raymond James assumed coverage on Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, Citigroup initiated coverage on Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective for the company. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $79.57.

Allison Transmission Stock Down 1.9 %

The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. 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 stock has a 50-day moving average of $83.43 and a 200-day moving average of $78.93.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.92 EPS. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction 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 transaction, the senior vice president now owns 14,420 shares in the company, valued at $1,082,365.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Allison Transmission in the 2nd quarter worth approximately $7,953,000. Creative Planning raised its stake in Allison Transmission by 5.1% during the 2nd quarter. Creative Planning now owns 4,781 shares of the auto parts company’s stock worth $363,000 after buying an additional 230 shares during the period. Algert Global LLC raised its stake in shares of Allison Transmission by 6.0% in the 2nd quarter. Algert Global LLC now owns 126,023 shares of the auto parts company’s stock valued at $9,565,000 after purchasing an additional 7,088 shares during the period. Susquehanna Fundamental Investments LLC grew its holdings in shares of Allison Transmission by 43.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 19,800 shares of the auto parts company’s stock valued at $1,503,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Allison Transmission in the 2nd quarter valued at about $342,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Company Profile

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.