Allison Transmission (NYSE:ALSN) Downgraded by StockNews.com

StockNews.com cut shares of Allison Transmission (NYSE:ALSN) from a strong-buy rating to a buy rating in a research report report published on Sunday morning.

Several other research firms have also commented on ALSN. Citigroup initiated coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They set a neutral rating and a $80.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a sell rating in a research note on Monday, July 29th. Robert W. Baird boosted their price objective on shares of 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 price objective on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a neutral rating in a research note on Monday, April 15th. Finally, Raymond James initiated coverage on shares of Allison Transmission in a research note on Friday, June 28th. They set an outperform rating and a $85.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Allison Transmission currently has an average rating of Hold and a consensus target price of $79.57.

Allison Transmission Stock Performance

Allison Transmission stock opened at $83.79 on Friday. The company’s 50-day moving average price is $78.91 and its 200-day moving average price is $76.08. Allison Transmission has a twelve month low of $50.13 and a twelve month 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. The company has a market cap of $7.33 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results 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 firm had revenue of $816.00 million during 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 firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 EPS. On average, equities research analysts forecast that Allison Transmission will post 7.89 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. Allison Transmission’s dividend payout ratio is currently 13.35%.

Insider Transactions at Allison Transmission

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

Hedge Funds Weigh In On Allison Transmission

Several institutional investors have recently bought and sold shares of the company. Quent Capital LLC boosted its position in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 172 shares in the last quarter. Legacy Financial Advisors Inc. boosted its position in shares of Allison Transmission by 2.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock worth $396,000 after purchasing an additional 180 shares in the last quarter. Miller Howard Investments Inc. NY boosted its position in shares of Allison Transmission by 2.1% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock worth $676,000 after buying an additional 186 shares in the last quarter. Americana Partners LLC boosted its position in shares of Allison Transmission by 3.9% in the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock worth $385,000 after buying an additional 191 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Allison Transmission by 4.1% in the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock worth $385,000 after buying an additional 200 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.