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 morning.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Citigroup lifted their price target 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. Morgan Stanley increased their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Oppenheimer lifted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird increased their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $102.63.

Allison Transmission Stock Performance

Allison Transmission stock opened at $108.74 on Thursday. The stock has a fifty day moving average price of $112.31 and a 200 day moving average price of $95.28. Allison Transmission has a 52 week low of $55.19 and a 52 week high of $122.53. The firm has a market capitalization of $9.42 billion, a P/E ratio of 13.24, a PEG ratio of 2.03 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

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

Allison Transmission Announces Dividend

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

Insider Buying and Selling

In other Allison Transmission news, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,165,413.52. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,380 shares of company stock worth $2,640,837. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Allison Transmission

Several institutional investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA grew its holdings in shares of Allison Transmission by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after purchasing an additional 4,261 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Allison Transmission during the 3rd quarter worth $947,000. Franklin Resources Inc. increased its position in Allison Transmission by 46.8% in the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after buying an additional 79,745 shares during the period. Tri Ri Asset Management Corp acquired a new stake in Allison Transmission in the third quarter worth $5,932,000. Finally, Oppenheimer & Co. Inc. lifted its stake in Allison Transmission by 133.0% in the third quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock valued at $1,337,000 after buying an additional 7,944 shares during the last quarter. 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.