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 released on Saturday.

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

Allison Transmission Stock Performance

Shares of NYSE:ALSN opened at $82.44 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 1.95. The business’s 50 day moving average price is $77.85 and its 200-day moving average price is $74.98. The firm has a market capitalization of $7.18 billion, a PE ratio of 10.81, a P/E/G ratio of 1.56 and a beta of 0.99. Allison Transmission has a 1 year low of $50.13 and a 1 year high of $89.63.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share 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 analyst estimates of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share. As a group, equities research analysts expect that Allison Transmission will post 7.89 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the sale, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP John Coll sold 2,000 shares of the firm’s 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 sale, the senior vice president now owns 14,420 shares in the company, valued at $1,082,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rafael Basso sold 12,624 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the sale, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ALSN. NewEdge Wealth LLC boosted its stake in Allison Transmission by 9.1% in the fourth quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock valued at $30,229,000 after acquiring an additional 43,243 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Allison Transmission by 43.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock worth $2,712,000 after buying an additional 14,168 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Allison Transmission during the first quarter worth approximately $1,229,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Allison Transmission during the first quarter worth approximately $1,342,000. Finally, UBS Group AG boosted its position in shares of Allison Transmission by 35.7% during the fourth quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock worth $7,853,000 after buying an additional 35,501 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.