Allison Transmission (NYSE:ALSN) Upgraded at StockNews.com

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

Several other equities research analysts have also recently commented on the company. Bank of America boosted their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Finally, Citigroup raised their price objective on shares of Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and an average price target of $102.63.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $108.74 on Thursday. Allison Transmission has a 12-month low of $55.19 and a 12-month high of $122.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The business has a 50 day simple moving average of $112.31 and a 200 day simple moving average of $95.28.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 earnings per share. On average, equities research analysts anticipate that Allison Transmission will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio is presently 12.18%.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,380 shares of company stock valued at $2,640,837 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several institutional investors have recently made changes to their positions in the stock. World Investment Advisors LLC acquired a new stake in Allison Transmission during the third quarter valued at $29,000. Quarry LP raised its stake in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 114 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Allison Transmission during the 3rd quarter valued at about $67,000. Venturi Wealth Management LLC grew its stake in shares of Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after buying an additional 162 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Allison Transmission in the third quarter worth approximately $82,000. 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.